Annex (2) Risk Matrix

Contents:

1.  Introduction

2.  Determination of project potential risks

3.  Determination of the consequences resulting from each risk (Measuring them in terms of quantity and expressing them in numbers)

4.  Estimation of each risk possibility

5.  Calculation of each risk costs

6.  Identification of the entity responsible to deal with such risks

7.  Development of risk matrix

8.  Identification of the strategies aiming at reducing risks and mitigating their effects