Risk Matrix - Assignment Point
Risk Matrix
Subject: Management | Topics:

A Risk Matrix is a matrix that is utilized during Risk Assessment to define different levels of risk because the product of the harm probability groups and harm severeness categories. This is a simple mechanism to improve visibility of risks and assist supervision decision making. In practice, the amount of risk is usually categorized into only a few levels because nor the probability none harm severity could typically be projected with accuracy in addition to precision.

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