Risk Management, 5th Edition

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Risk Response Matrix/Pugh Matrix

In risk response development, one key challenge is finding strategies that will not take longer to implement than the project itself. The risk response matrix technique addresses that concern by affording individuals and team members the opportunity to analyze and generate strategies that deal with multiple risks and cause the fewest problems in terms of other project risk.

Technique Description

The risk response base matrix or Pugh Matrix is a grid the team creates that lists risks on one axis and strategies on another. The grid is then populated by plus and minus signs (or plus and minus signs with weights) to reflect positive and negative influence on other risks. Ideally, the grid should include the standard ...