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Risk Matrix

The Risk Matrix uses the model of Consequence x Likelihood = Risk Level to define the combinations of consequence and likelihood needed to generate given risk levels.

This form is available via menu item:

—> Edit
—> Management Console
and clicking on the Risk button.

Note: Configuration of the risk matrix is the second step of a 2-step process. The available options for consequence, likelihood, and risk level must be specified in the appropriate Risk Lookup Tables before the matrix may be configured.

Risk Matrix
Risk Levels

Schematic illustration of a typical risk matrix - and a key to risk level descriptions.

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