Risks are best handled by developing a risk matrix, which is a plan for identifying and managing potential risks.
- Develop and post a risk matrix for any project you have worked on in the past or in your imagination.
- In your risk matrix, state the risk, describe it and what might cause it, and note the risk of occurrence (probability) as high, medium, or low.
- Describe the impact of the risk(s) occurring and discuss how it could be prevented, mitigated, or recovered from if it happens.