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Probability & Impact
Inside this lesson
- Score probability and impact each on a 1-5 scale.
- Compute the risk score as probability score times impact score.
- Explain why scoring makes unlike risks comparable.
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Educational content only. This course explains business and project risk-analysis concepts and the math behind them; it is not financial, accounting, investment, or professional certification advice, makes no recommendations, and predicts no cost, schedule, cash, or business outcomes. All figures are illustrative synthetic teaching examples. Consult a qualified professional before making financial or business decisions.