The Risk Matrix is a visual tool that defines the level of risk by considering the category of probability or likelihood against the category of consequence severity. This is a simple mechanism to increase the visibility of risks and assist management decision making. It is located within an incident's event summary page on the right-hand side. You can grade the level of risk from 1-25 by clicking on the applicable number, with 25 being the most severe type of incident.ย
Updating the Risk Matrix
Written by Eogan McCullen
Updated over 6 years ago