Ref. to the PMBok, I just noticed that "Probability and Impact Matrix" is part of the output in Plan Risk Management Process, and also, it is a tool and technique in Perform Qualitative Risk Analysis Process.
I read both sections from PMBok, and I could not tell the difference and the logic behind such duplication for using such term in two different places.
I also noticed that in PM PrepCast, such confusion is avoided, and Probability and Impact Matrix is not mentioned explicitly in Plan Risk Management, as a part of the output in Risk Management Plan. This is a good thing.
Moderators: Yolanda Mabutas, Ahmed Amin, Scott Gillard, Mary Kathrine Padua, ERIC BARTLETT, Gail Freedman, Kevin Nason, Steven Mudrinich, PMP, Mark Wuenscher, PMP, John Wolverton, Tracy Shagnea, PMP, Jada Garrett
This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.