A probability and impact matrix simplifies the process of risk management by providing a structured, visual approach to identifying and prioritizing risks. Whether you’re a new project manager or a ...

For example, the illustration below shows how a risk can be evaluated based on its impact (consequence) and its probability (likelihood). Setting up the Project Risk Score Matrix ...

Now, however, with an impact risk of just 1 in 360, or 0.28%, asteroid 2024 YR4's hazard level on the Torino scale — used to categorize how dangerous an asteroid is — stands at 1.

While YR4 still has a nearly 97% chance to completely miss Earth in 2032, its odds of impact, which now stand at 3.1 %, represent the highest risk level of any large space rock ever.