A risk matrix is used during risk assessments to define the level of risk by considering the category of probability or likelihood (x-axis) against the category of consequence severity (y-axis). This is a simple mechanism to increase visibility of risks and assist management decision making. The entire team can quickly review risks, add/remove risks from the top 10-list, and visually plot them for quick recognition of their importance and need to help mitigate. This high-level slide boils down the top risks in a single image and makes it easier for managers to highlight their most concerning risks, and to even show movement of risks over time or between reporting periods.
INCLUDED: 1x Template Slide, 1x Example Slide