The primary purpose for using an impact/likelihood matrix is to ________.
A) assess external strengths
B) compile budget details
C) gather opinion
D) evaluate risk

Question

Quizplus · Accepted Answer

Impact/likelihood matrix is a technique used to evaluate risk by assessing the impact or consequences of a risk occurring and the likelihood or probability of it happening. It helps in identifying the high-risk areas and prioritizing the resources accordingly to mitigate the risks. Therefore, the primary purpose of using an impact/likelihood matrix is to evaluate risk.

The Primary Purpose for Using an Impact/likelihood Matrix Is to ________