Consider the following diagram, why is it used and explain what information does it provide to the Project Manager.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Q.No.7.                                                                                                                 

Consider the following diagram, why is it used and explain what information does it provide to the Project Manager.

 

risk 1
High
risk 6
risk 9
risk 4
risk 2
risk 5
risk 3
Medium
risk 7
risk 11
risk 8
Low
risk 12
risk 10
Low
Medium
High
Impact
Probability
Transcribed Image Text:risk 1 High risk 6 risk 9 risk 4 risk 2 risk 5 risk 3 Medium risk 7 risk 11 risk 8 Low risk 12 risk 10 Low Medium High Impact Probability
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