Risk Matrix Template

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2×2 Impact vs. Probability: Identify, monitor, mitigate risks.

Identify and prioritize project risks by plotting them on a 2×2 Impact vs. Probability matrix, creating four zones that guide your response: high-probability, high-impact risks need immediate mitigation plans while low-probability, low-impact risks can simply be monitored. A shared risk matrix ensures no one carries risk information in their head alone — the whole team sees the same picture. Review it at project kickoff and at every major milestone to stay ahead of potential issues.

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