Risk Matrix
Definition
A risk matrix is a visual tool used to assess and prioritise risks based on their likelihood and potential impact. It helps organisations determine the severity of risks and allocate resources effectively for mitigation. Risk matrices are commonly used in safety, security, and compliance planning.
Related Resources
4 Risk Management Strategies for Workplace Health & Safety
A risk matrix is a visual tool used to assess and prioritise risks based on their likelihood and potential impact. It helps organisations determine the severity of risks and allocate resources effectively for mitigation. Risk matrices are commonly used in safety, security, and compliance planning.
Related Resources
4 Risk Management Strategies for Workplace Health & Safety