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Risk is an inevitable part of the modern corporate world. Because of that, there are a lot of different methods for assessing and dealing with uncertainty. One such evaluation method is the risk matrix. It is used in order to define the risk level, depending on the probability category and the category of consequence severity. Risk matrices enable higher visibility of risks and facilitate the decision-making process. For that purpose, this template will enable you to deliver a powerful presentation, indicating all of the possible adversities.
Having a clear perspective on the business’s risk is highly important. Because obtaining a clear picture about the risk level is quite challenging, the risk matrix comes in handy. Once you measure the current risk, you can also determine whether you have the appropriate resources and strategies to mitigate it. One of the matrices for a successful evaluation is the 3D matrix. In addition to the two most common dimensions, the likelihood of risk and its consequence, there can be a third dimension. For example, that can be a risk controlling attribute.
With the use of risk matrices, your company can determine the probability of occurrence and their severity if they occur. The dimensions are shown on the x-axis and y-axis, showing low to high impact. Being close to zero, the impact of the risk is very low, while the further it is from zero the more severe it becomes.
The template inhabits a very creative matrix solution in the end. The whole matrix is in the shape of chess. The matrix is represented by the chess board, while the chess figures represent the risk. Namely, the pawns represent low risk, the queen stands for moderate risk and the king for a severe one.
The risk matrix template will facilitate the risk management
It will help you to clearly define the risk level and consequently, to come up with better solutions.
Advanced matrices’ designs for a higher visualization of risks
The template will enable you to represent any risk issues in a more creative way.
Appropriate for any audience due to the matrices’ simplicity
An overall comprehensible template that will keep any audience engaged.
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