How can I prioritize risks in my project?
An example of an AI chatbot conversation about risk prioritization in projects.
How can I prioritize risks in my project?
To prioritize risks, start by identifying all potential risks, then assess their impact and likelihood.
What criteria should I use to assess impact and likelihood?
You can use a scale from 1 to 5 for both impact and likelihood, where 1 is low and 5 is high.
Once I have the scores, what should I do next?
Multiply the impact score by the likelihood score to get a risk score, then rank the risks accordingly.
How often should I review and update my risk prioritization?
It's best to review your risk prioritization regularly, such as at the end of each project phase or quarterly.
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