Explain how the Risk Matrices project management elements af

Explain how the Risk Matrices project management elements affect a project manager\'s ability to make project and segment trade-offs.

Solution

Trade-off is the situation where evaluates alternatives and choose best process which meets projects goal.project manager has the responsibility of get it done and find out the ways to make it done .All projects are made up of four basic elements deliver the desired scope for a particular cost within a particular specified period .

Risk matrix are assessment of risk in its risk is rated about its probability to get possible some are by nature more risk tolerant than others.Risk are rated according high,medium ,low .All project faced risk in its life cycle ,when risk happen it needs time to cover up and need manager focus and attention towards it .It can be opportunity for the project or can be threat for the project.