Question: What approach is most effective for analyzing and prioritizing risks in a project? Assessing both the impact and likelihood of each risk using a risk

What approach is most effective for analyzing and prioritizing risks in a project?

Assessing both the impact and likelihood of each risk using a risk matrix, and then prioritizing risks based on their combined score.

Risk analysis is not required for most projects as many risks never occur. It is better to do risk analysis at the end of the project analyzing only the risks that occurred.

Using qualitative descriptions to assess the impact of each risk and then categorizing them as high, medium, or low priority.

Focusing mainty on the financial impact of each risk to determine its prionity.

What approach is most effective for analyzing and

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