Question: A project team has decided to use a probability and impact risk matrix for risk analysis. Once these parameters have been assessed for each identified

A project team has decided to use a probability and impact risk matrix for risk analysis. Once these parameters have been assessed for each identified risk, the team will proceed to priontize the risks. What is the main benefit of using this tool? Visualizes potential risk problems or opportunities facing the project Helps determine the risk acceptance threshold of the client Determines the project risk budget for inclusion in the organization's budget Establishes a template to better communicate risks with project stakeholders

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