A product owner is representing risk management activities for a next release. She sits down with the team to perform a risk assessment exercise and takes a probability and impact matrix. Which of the following statements are correct regarding the probability and impact matrix? (Select three.)
It prioritizes risks according to their potential for meeting the project’s objectives.
The probability and impact matrix is not an input to the Perform Quantitative Risk Analysis process. It is used to prioritize risks, it’s defined in the risk management plan, and it’s used as a tool and technique in the Perform Qualitative Risk Analysis process.