Probability and impact matrix: You can rate probability and impact on a scale, such as 1 to 5, where 5 is the highest probability and impact. Then you can multiply probability times the impact to calculate the risk score. Risk Probability Impact The scale may be applied to both threats and opportunities. Higher risk scores for threats indicate negative impacts such as adverse impacts on the schedule or budget. And higher risk scores for opportunities indicate positive impacts such as a reduction in the schedule or budget. A 2 4 B 5 5 1. Risk analysis is typically a two-step process: qualitative risk analysis and quantitative risk analysis. As a systems analyst, for which sorts of project management decisions would you use the results from a qualitative risk analysis? From a quantitative risk analysis? 2. For the following table, input the values into an Excel spreadsheet. a. Determine the risk score for each risk, then sort the table in descending order on the risk score column to determine which risks are greatest. b. Which type of risk analysis are you performing? If the risk threshold is set at 16, what decisions do you think might be considered? C 4 5 C. D 3 E 4 4