Question

Imagine that a project manager creates a matrix with two variables: risk impact and probability. They use the matrix to measure potential future losses to a project resulting from specific activities or events. What is the project manager trying to determine

Answer 1

The project manger is trying to perform project risk analysis to determine the impact of potential losses on projects.

What is risk analysis?

Risk analysis is the process of identifying and analyzing potential losses arising from key business initiatives or projects, thereby helping the organization to manage the risks' impacts.

Using a probability and impact matrix as a table of values shows the probability of potential risks and their severity of impact. The probability and impact matrix serves as a technique for the project manager to perform risk analysis.

Thus, the project manager is trying to perform project risk analysis to determine the impact of potential losses on projects.

Learn more about risk analysis in project management at brainly.com/question/15296501