Haha, I was just about to say that the probability and impact matrix sounds like a fancy way of saying 'risk assessment.' But you guys are right, option C definitely captures the primary purpose of this tool. I'll make sure to remember that for the exam!
You know, I was actually confused between options C and D at first. But now that I think about it, the probability and impact matrix is more about evaluating risks qualitatively, not quantitatively. So, I'm also going with C as the best answer here.
I agree, option C seems to be the most accurate answer. The probability and impact matrix is a key tool used to prioritize risks based on their likelihood and potential impact. It helps project managers focus on the high-priority risks during the qualitative risk analysis process.
Hmm, this is a tricky one. The probability and impact matrix is definitely used for evaluating risks, but I'm not sure if it's primarily used for quantifying trends or developing a risk register. I'm leaning towards option C - evaluating each risk's importance and priority during Perform Qualitative Risk Analysis.
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