Reference no: EM132362415

Describe at least 5 specific risks that can occur in your project. Examples of risks on many projects are: a chance the project will take longer to complete than planned (schedule risk), the project will cost more than the budget, and for a construction type project inclement weather delaying the project. How can they potentially impact the project? What is a risk register? (an example of a risk register is in the Unit 1 IP, in the template I sent you. Describe the probability and impact matrix and explain how it can be used in your project? Probability and impact are typical measurements developed during the initial stages of a project and are both assess a score, either numeric as 1-5 or text, high, medium or low.