How do I implement a risk matrix?
An example of an AI chatbot conversation about implementing a risk matrix for risk assessment.
How do I implement a risk matrix in my project?
To implement a risk matrix, start by identifying potential risks and their impact and likelihood.
What factors should I consider when assessing risks?
Consider factors like the severity of the impact, the probability of occurrence, and the timeframe.
Can you give me an example of a risk matrix?
Sure! A simple risk matrix has a grid with likelihood on one axis and impact on the other, categorizing risks accordingly.
How do I prioritize risks once I have my matrix?
Prioritize risks based on their position in the matrix; focus on high-impact, high-likelihood risks first.
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