Abstract:Projects are essential for organizations to transform strategies into results, but uncertain events can impose risks to achieve a certain objective. Risk management aims to support an organization in deciding how to deal with risks, prioritizing them through the application of Risk Matrices (RMs). RMs or Probability and Impact Matrices is used to support decision-making, helping management to classify and prioritize risks to decide which will be ad-dressed, monitored, or tolerated. RMs are supposedly easy to b… Show more
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