You work for a company that writes billing software programs for the communication industry. Your customer is residing in a country that restricts the number of foreigners allowed into the country. You identify this risk in your risk management plan. The critical point during the project is installation and setup. You have assessed the risks and are practicing the Perform Qualitative Risk Analysis process. Which of the following tools and techniques will you exploit to determine the potential effect on the project objectives (such as time, cost, scope, or quality) and determine the likelihood of the risk happenning?
The risk probability and impact assessment tool and technique is used to determine the likelihood the risk will occur and the potential effects on project objectives. After performing the assessment, you’ll determine risk scores or conditions (red, yellow, green) using the probability and impact matrix.