Project Management

Simple Risk Quantification Approach

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This Simple Risk Quantification Approach outlines one of the most common ways to document and manage risk.  Essentially, you list the risks, rate their potential impact, and the probabilty that they will occur.  The net result is a ranking of risks that you can use to help focus you efforts.

 

The approach offers both the formula to quantify risks and a sample matrix to track them.

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