Ques:- What is risk impact and probability?
Asked In :-
Vinove Software & Services Pvt Ltd, Rock Solid Solutions, Shipco IT, Vanderlande Industries, STG Infotech INDIA LLP, Digite Infotech, IDCube Identification Systems, TechEra IT Consulting, CAP Digisoft Solutions, Envision Enterprise Solutions,
Right Answer:
Risk impact refers to the potential effect or consequence of a risk on a project if it occurs, while risk probability is the likelihood or chance that the risk will actually happen.
Risk impact refers to the potential effect or consequence of a risk on a project if it occurs, while risk probability is the likelihood or chance that the risk will actually happen.