Please give a general introduction to this risk matrix, explain what impact these high-risk events will have on the project or operation, and put forward some targeted solutions for high-risk events.

Project Risk Assessment Matrix 1.Staff turnover from the music academy 3. New Music academies coming up in the came locality with really strong competitiveness 2.Delays in renovation lead to failure to open on time r High O 4.Loan not approved Medium 6.Insecurity (such as theft of musical equipment) arising in the area of the music academy 5.Only a few students enrolled i t 8. Music equipments are not in place 7.Teachers not well prepared Low Low Medium High Severity of Consequences