Probability and Risk Assessment
The answers to “Will it happen?” can be Low, Medium or High. The answer to “Will we get it?” can also be Low, Medium or High. We can plot the answers to these two questions on a three by three grid called the Probability Matrix. Each square on the Probability Matrix is a unique combination of the answers to the two questions, and is called the Probability Index.
“Will it happen?” is plotted on the horizontal axis, and “Will we get it?” on the vertical axis.
The top right square of the matrix is a High “Will it happen” and a High “Will we get it?”.The bottom left square is a Low “Will it happen?” and a Low “Will we get it?”.
Behind the scenes the computer calculates the percentage numbers associated with each probability index. The results are:
Low – Low = 10%
Low – Med = 15%
Low – High = 25%
Med – Low = 15%
Med – Med = 40%
Med – High = 60%
High – Low = 25%
High – Med = 60%
High – High = 80%The answers to “Will this opportunity go to completion?” can be Low, Medium or High. The answer to “Will we win this opportunity” can also be Low, Medium or High. We can plot the answers to these two questions on a three by three grid called the Probability Matrix. Each square on the Probability Matrix is a unique combination of the answers to the two questions, and is called the Probability Index.
“Will this opportunity go to completion?” is plotted on the horizontal axis, and “Will we win this opportunity?” on the vertical axis.
The top right square of the matrix is a High “Will this opportunity go to completion?” and a High “Will we win this opportunity?”.The bottom left square is a Low “Will this opportunity go to completion?” and a Low “Will we win this opportunity?”.
Behind the scenes the computer calculates the percentage numbers associated with each Probability index. The results are:
Low – Low = 10%
Low – Med = 15%
Low – High = 25%
Med – Low = 15%
Med – Med = 40%
Med – High = 60%
High – Low = 25%
High – Med = 60%
High – High = 80%
Probability and Risk Assessment
The answers to “Will it happen?” can be Low, Medium or High. The answer to “Will we get it?” can also be Low, Medium or High. We can plot the answers to these two questions on a three by three grid called the Probability Matrix. Each square on the Probability Matrix is a unique combination of the answers to the two questions, and is called the Probability Index.
“Will it happen?” is plotted on the horizontal axis, and “Will we get it?” on the vertical axis.
The top right square of the matrix is a High “Will it happen” and a High “Will we get it?”.The bottom left square is a Low “Will it happen?” and a Low “Will we get it?”.
Behind the scenes the computer calculates the percentage numbers associated with each probability index. The results are:
Low – Low = 10%
Low – Med = 15%
Low – High = 25%
Med – Low = 15%
Med – Med = 40%
Med – High = 60%
High – Low = 25%
High – Med = 60%
High – High = 80%Probability and Risk Assessment
The answers to “Will it happen?” can be Low, Medium or High. The answer to “Will we get it?” can also be Low, Medium or High. We can plot the answers to these two questions on a three by three grid called the Probability Matrix. Each square on the Probability Matrix is a unique combination of the answers to the two questions, and is called the Probability Index.
“Will it happen?” is plotted on the horizontal axis, and “Will we get it?” on the vertical axis.
The top right square of the matrix is a High “Will it happen” and a High “Will we get it?”.The bottom left square is a Low “Will it happen?” and a Low “Will we get it?”.
Behind the scenes the computer calculates the percentage numbers associated with each probability index. The results are:
Low – Low = 10%
Low – Med = 15%
Low – High = 25%
Med – Low = 15%
Med – Med = 40%
Med – High = 60%
High – Low = 25%
High – Med = 60%
High – High = 80%Probability and Risk Assessment
The answers to “Will it happen?” can be Low, Medium or High. The answer to “Will we get it?” can also be Low, Medium or High. We can plot the answers to these two questions on a three by three grid called the Probability Matrix. Each square on the Probability Matrix is a unique combination of the answers to the two questions, and is called the Probability Index.
“Will it happen?” is plotted on the horizontal axis, and “Will we get it?” on the vertical axis.
The top right square of the matrix is a High “Will it happen” and a High “Will we get it?”.The bottom left square is a Low “Will it happen?” and a Low “Will we get it?”.
Behind the scenes the computer calculates the percentage numbers associated with each probability index. The results are:
Low – Low = 10%
Low – Med = 15%
Low – High = 25%
Med – Low = 15%
Med – Med = 40%
Med – High = 60%
High – Low = 25%
High – Med = 60%
High – High = 80%Probability and Risk Assessment
The answers to “Will it happen?” can be Low, Medium or High. The answer to “Will we get it?” can also be Low, Medium or High. We can plot the answers to these two questions on a three by three grid called the Probability Matrix. Each square on the Probability Matrix is a unique combination of the answers to the two questions, and is called the Probability Index.
“Will it happen?” is plotted on the horizontal axis, and “Will we get it?” on the vertical axis.
The top right square of the matrix is a High “Will it happen” and a High “Will we get it?”.The bottom left square is a Low “Will it happen?” and a Low “Will we get it?”.
Behind the scenes the computer calculates the percentage numbers associated with each probability index. The results are:
Low – Low = 10%
Low – Med = 15%
Low – High = 25%
Med – Low = 15%
Med – Med = 40%
Med – High = 60%
High – Low = 25%
High – Med = 60%
High – High = 80%Probability and Risk Assessment
The answers to “Will it happen?” can be Low, Medium or High. The answer to “Will we get it?” can also be Low, Medium or High. We can plot the answers to these two questions on a three by three grid called the Probability Matrix. Each square on the Probability Matrix is a unique combination of the answers to the two questions, and is called the Probability Index.
“Will it happen?” is plotted on the horizontal axis, and “Will we get it?” on the vertical axis.
The top right square of the matrix is a High “Will it happen” and a High “Will we get it?”.The bottom left square is a Low “Will it happen?” and a Low “Will we get it?”.
Behind the scenes the computer calculates the percentage numbers associated with each probability index. The results are:
Low – Low = 10%
Low – Med = 15%
Low – High = 25%
Med – Low = 15%
Med – Med = 40%
Med – High = 60%
High – Low = 25%
High – Med = 60%
High – High = 80%