How to Get a Job For Project Managers

Learn how to write resume and interview

Leadership for Project Managers

Learn how to lead and drive project success.

Project Management Bootcamp

From a beginner to project management professional.

Agile Project Management and SCRUM with AI

Learn to run Scrum and Agile with AI.

Probability Impact Grid

A matrix used to evaluate risks by rating how likely they are to occur and how much they could affect project objectives. Each dimension receives a numeric score, and the two scores are multiplied to produce a severity value used to rank and prioritize risks.

Key Points

  • Displays risks on a grid with probability on one axis and impact on the other.
  • Uses numeric scales (for example, 1-5) to score probability and impact independently.
  • Multiplies the two scores to calculate a risk severity score for prioritization.
  • Supports setting thresholds to group risks as low, medium, or high for action.

Example

During sprint planning, the team scores three risks: vendor delay (probability 4, impact 5 = severity 20), test environment outage (probability 2, impact 4 = severity 8), and scope churn (probability 3, impact 3 = severity 9). The vendor delay, with the highest score, is prioritized for immediate response planning.

PMP Example Question

A project manager assigns separate numeric ratings for probability and impact to each identified risk and multiplies them to rank which risks to address first. Which tool is being used?

  1. Probability Impact Grid
  2. Risk register
  3. Monte Carlo simulation
  4. Cause-and-effect diagram

Correct Answer: A — grid that multiplies probability and impact to rank risks

Explanation: The Probability Impact Grid scores probability and impact independently and multiplies them to produce a severity rating used to prioritize risks.

How To Land the Job and Interview for Project Managers Course

Take the next big step in your project management career with HK School of Management. Whether you're breaking into the field or aiming for your dream job, this course gives you the tools to stand out, impress in interviews, and secure the role you deserve.

This isn’t just another job-hunting guide—it’s a tailored roadmap for project managers. You’ll craft winning resumes, tackle tough interview questions, and plan your first 90 days with confidence. Our hands-on approach includes real-world examples, AI-powered resume hacks, and interactive exercises to sharpen your skills.

You'll navigate the hiring process like a pro, with expert insights on personal branding, salary negotiation, and career growth strategies. Plus, downloadable templates and step-by-step guidance ensure you're always prepared.

Learn from seasoned professionals and join a community of ambitious project managers. Ready to land your ideal job and thrive in your career? Enroll now and take control of your future!



Launch your career!

HK School of Management delivers top-tier training in Project Management, Job Search Strategies, and Career Growth. For the price of a lunch, you’ll gain expert insights into landing your dream PM role, mastering interviews, and negotiating like a pro. With a 30-day money-back guarantee, there’s zero risk—just a clear path to success!

Learn More