(10-12) The Probability and Impact Matrix is a common way to determine whether a risk is considered low or high by combining the two dimensions of a risk; it probability of occurrence, and its impact on objectives if it occurs. High risks that have a negative impact (threat) on objectives may require priority action and aggressive response strategies. Low risk Threats may not require proactive management action beyond being placed on a watch list. Similarly, high risk opportunities that can be obtained most easily and offer the greatest benefit should, therefore, be targeted first. Low risk opportunities should be