1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OLga [1]
1 year ago
12

You are the pm for a new development project. you are creating a prioritized list of project risks. which tool would you use?

Business
1 answer:
Umnica [9.8K]1 year ago
7 0

An effective tool for managing risk is a risk assessment matrix, commonly referred to as a risk probability impact matrix or risk PI matrix.

<h3>What is risk PI matrix?</h3>

An effective tool for managing risk is a risk assessment matrix, commonly referred to as a risk probability impact matrix or risk PI matrix. It functions by classifying hazards according to their likelihood of happening and the degree of harm they would cause if they did. The risk management process (RMP) is used by principal inspectors (PI) to record, monitor, and assess the status of existing hazards and the risks that go along with them.

A process, product feature, contract, or other initiative's complexity is measured using a value-risk matrix. The value/risk matrix is helpful for project or product creation, category management, contract management, and sourcing strategy.

A project risk is a hazard that could happen or not during the project. Contrary to what we typically associate with the word "risk," a project risk could either have a positive or negative impact on the progress of the project's goals. Risk management is the process of reducing project risks to ensure that a project is finished on schedule, within budget, and in accordance with its objectives.

To learn more about Risk PI matrix refer to:

brainly.com/question/18524773

#SPJ4

You might be interested in
Toussaint Company issued 10,000 shares of its common stock in exchange for merchandise that it will resell. The merchandise had
Aleks [24]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

Original cost = $250,000

Fair value = $300,000

Retail value = $520,000

As Share based transaction of the organization record or issued always at fair value for which the goods or services are exchanged.

Here, Fair value is given.

So, the transaction will be recorded at fair value = $300,000

7 0
3 years ago
In a table setting the tines of the dessert fork should always be facing toward the
AVprozaik [17]
The person in front of you
5 0
3 years ago
Read 2 more answers
What amount would you have if you deposited 1800 a year for 30 years at 8% compounded annually
Bezzdna [24]
Yes so good indeed queen keep it up
6 0
3 years ago
What is the difference between private and public company
vladimir2022 [97]
A public company is owned by anyone who buys its stock the people who own the most stock get to run the company, a private company is owned by the founder and anyone he hires
5 0
3 years ago
Read 2 more answers
Petrus Framing's cost formula for its supplies cost is $1,730 per month plus $11 per frame. For the month of March, the company
Stells [14]

Answer:

-$55  U

Explanation:

For computation of activity variance for supplies cost in March first we need to find the budgeted activity of standard supplies cost and actual activity of standard supplies cost is shown below:-

Budgeted activity of standard supplies cost = Supplies cost + Per frame cost × budgeted Activity frames

= $1,730 + $11 × 613

= $1,730 + $6,743

= $8,473

Actual activity of Standard supplies cost = Supplies cost + Per frame cost × Actual activity frames

= $1,730 + $11 × 618

= $1,730 + $6,798

= $8,528

So, activity variance for supplies cost = Budgeted activity of standard supplied cost - Actual activity of Standard supplies cost

= $8,473 - $8,528

= -$55

7 0
3 years ago
Other questions:
  • In most societies, resources are allocated by
    5·1 answer
  • Joey has worked in a bicycle factory for several months. the assembly process requires multiple tasks, and over the months joe’s
    15·1 answer
  • At the beginning of 2018, Angel Corporation began offering a two-year warranty on its products. The warranty program was expecte
    8·1 answer
  • Prepare journal entries to record each of the following four separate issuances of stock.
    6·1 answer
  • HERMONE HAS A CREDIT SCORE OF 653 HER CREDIT SCORE WOULD RECEIVE WHICH OF THE FOLLOWING CLASSIFICAION
    5·1 answer
  • Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in
    5·1 answer
  • Charismatic leaders are often _____ than transactional leaders.
    13·1 answer
  • Managers have to decide when to make decisions themselves and when they should involve a group. part of that decision should be
    15·1 answer
  • Consider the following list of accounts:
    11·1 answer
  • How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!