Using a risk matrix is a helpful ___________________.

A risk matrix is a visual tool used in project management to assess and prioritize risks by evaluating their probability of occurrence and the impact on the project. It helps project managers to visualize risks in terms of their severity and to develop strategies for managing them. The risk matrix is part of the qualitative risk analysis process, which is a critical aspect of risk management in projects.

References: The use of a risk matrix is aligned with the guidelines provided by the PMBOK® Guide and the Professional in Project Management (PPM) certification materials, which emphasize the importance of qualitative risk assessment in project management12.