Introduction to the Value of the Risk Management Matrix
Introduction to the Value of the Risk Management Matrix https://domrisk.com/wp-content/uploads/2024/12/risk-management-matrix-1024x558.jpg 1024 558 Dominion Risk https://domrisk.com/wp-content/uploads/2024/12/risk-management-matrix-1024x558.jpgIn a world with new and emerging risks, managing risks is critical for the sustainability of any organization. A powerful tool is the Risk Management Matrix. This is also known as Risk Assessment Matrix or Risk Heat Map. It is a visual tool to prioritize risks and develop a strategy to manage them. Components of a Risk Management Matrix The Risk Management Matrix that we use at Dominion Risk Advisors has two main axes: Likelihood…
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