Individual: The Project Risk Management Plan is an essential component of the master project plan. Write an Executive Summary (narrative) of not more than two (2) pages in length, regarding the importance of project risk management, and the use of the ‘probability/impact analyses’ (tool) in helping to develop the ‘Project Risk Management’ subsidiary plan.

In this assignment you will articulate a critical understanding on the use of this tool (the ‘Probability and Impact Risk Matrix,’) to facilitate developing a ‘Project Risk Management Subsidiary Plan.’ It will be important to establish in the report (business memo) the concept of risk management, and then discuss the tool. In this assignment you will be asked to articulate a critical understanding on the use of this tool (the ‘Probability and Impact Risk Matrix,’) to facilitate developing a ‘Project Risk Management Plan.’ Discuss the components as you understand them.

All written assignment must be word processed, with a 12pt font size, be double spaced, include page numbers