Assignment 3: Forecasting risks: A probability – Impact Matrix

With specific reference to a project of your choice, critically evaluate the forecasting risks and uncertainties facing project managers and apply it to your chosen example. Projects can be found online, in textbooks or academic journals, or can be a project that you are currently working on. You must include a probability impact matrix for your chosen project (You may use the provided matrix).

An analysis of how project managers might overcome risks and uncertainties.

Evaluation of the limitations of risk reduction strategies.

Evidence of application to your chosen project.