Risks are the negative or positive events that may occur and impact a project. Risks can impact all areas of project elements such as the schedule, budget, quality, and deliverable. Based on the risk categories you produced in Unit 1, respond to the following questions:
- Describe at least 5 specific risks that can occur in your project.
- How can they potentially impact the project?
- What is a risk register?
- Describe the probability and impact matrix and explain how it can be used in your project?