Risk & Uncertainty · Qualitative assessment
Probability–Impact Matrix
Probability–Impact Matrix · Risk tool
Risks, assumptions, scenarios, or uncertainty need to be made explicit before action.
Why use it
Reduce surprises by making risk and uncertainty explicit before commitments.
How to apply
- Define the specific management situation and desired outcome.
- Gather the minimum facts, constraints, and perspectives needed to use the tool.
- Apply Probability–Impact Matrix, make key assumptions explicit, and compare the result with realistic alternatives.
- Record the decision, next owner or action, and a testable criterion for the next step.
Output
A clearer risk picture, priority, and response decision.