Project Risk-Opportunity Matrix

The Project Risk-Opportunity Matrix is a 2x2 matrix used to assess and manage risks and opportunities associated with a project. It is a visual tool that helps to identify and prioritize risks and opportunities, and to develop strategies for dealing with them.

At a very high level, the Project Risk-Opportunity Matrix is used in the context of business, finance.

Project Risk-Opportunity Matrix quadrant descriptions, including examples
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What is the Project Risk-Opportunity Matrix?

A visual explanation is shown in the image above. The Project Risk-Opportunity Matrix can be described as a matrix with the following quadrants:

  1. High Probability, High Impact: Risks that are both high in probability and high in impact, such as a supplier going out of business.
  2. Low Probability, High Impact: Risks that are low in probability but high in impact, such as a natural disaster.
  3. High Probability, Low Impact: Opportunities that are high in probability but low in impact, such as a small cost savings.
  4. Low Probability, Low Impact: Opportunities that are low in probability but high in impact, such as a new market opportunity.

What is the purpose of the Project Risk-Opportunity Matrix?

The Project Risk-Opportunity Matrix is a 2x2 matrix used to assess and manage risks and opportunities associated with a project. It is a visual tool that helps to identify and prioritize risks and opportunities, and to develop strategies for dealing with them. The matrix is divided into four quadrants, each of which represents a different type of risk or opportunity.

The top left quadrant is for risks that are both high in probability and high in impact. These are the risks that should be addressed first, as they have the highest potential to cause damage to the project. The top right quadrant is for risks that are low in probability but high in impact. These risks should also be addressed, as they have the potential to cause significant damage, even though they are unlikely to occur.

The bottom left quadrant is for opportunities that are high in probability but low in impact. These opportunities should be taken advantage of, as they have the potential to provide some benefit to the project, even if the benefit is small. The bottom right quadrant is for opportunities that are low in probability but high in impact. These opportunities should also be taken advantage of, as they have the potential to provide significant benefit to the project, even though they are unlikely to occur.


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What templates are related to Project Risk-Opportunity Matrix?

The following templates can also be categorized as business, finance and are therefore related to Project Risk-Opportunity Matrix: AIDA Marketing Matrix, Affiliate Marketing Matrix, Agile Capability-Value Alignment Matrix, Agile Scaling Matrix, Ansoff Matrix, Asset Allocation Matrix, BCG Matrix, Brand Affinity Matrix. You can browse them using the menu above.

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