1. What is the preferred method of calculating a contingency reserve?
2. Review the following download: Detailed Risk Matrix sample in Excel format. (https://www.professionalstandards.org.uk/docs/voluntary-registers/risk-matrix-template.xlsx?sfvrsn=4 ). This type of Risk matrix is fast becoming a standard tool in projects, plus general activities for federal and local government. Our textbook had some content on this, however, this was too limited, see the suggested link for more detail.
Attachment:- Risk matrix.xlsx