5x5 Risk Matrix is a tool used by Client Side Project Managers to evaluate and prioritize risks based on their likelihood of occurrence and impact
A Probability Impact Matrix is a grid diagram to map out the probabilities of risks occurring on your project vs their impact if/when they occur.
A Risk Response Plan outlines actions to mitigate, avoid, transfer, or accept risks in project management. It minimises disruptions to timelines, budgets, and quality standards, ensuring proactive risk control and project success.
Risk Status is the current condition of a project risk, like active, resolved, or monitoring. It helps track progress, prioritise actions, and manage risks efficiently across the project lifecycle.
