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Prob & Impact Matrix

datafiend's picture
Submitted by datafiend on Sat, 03/26/2011 - 22:52

 Hi all,

I'm using the Head First book and am reading the Project Risk Managemt KA. The P&I matrix seems to me to be an arbitrary tool. You're using the Qualitative Risk Analsis process and you're arbitraritly assigning a number (not calc'd out) to each risk and the categories.

Am I missing something here?

Thx

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admin's picture

 Yes by definition

Submitted by admin on Sun, 03/27/2011 - 04:36.

 Yes by definition qualitative analysis is not based on any data or facts. It will rely on other factors like experience , analogy etc.

datafiend's picture

P&I

Submitted by datafiend on Sun, 03/27/2011 - 22:35.

Thanks admin. I thought it was a little too easy and subjective to create a matrix. I looked in my Mulcahy book and kind of confirmed what you said.  

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