Risk Management
Risk Management
Risk Management
Risks are a part of any project or endeavour, and there’s no certain way to know which ones will occur and when.
A risk rating matrix helps you analyse risk in a logical way by assigning both the likelihood of the risk happening (low. medium. high) as well as the seriousness of the risk if iy does occur (low, medium high, extreme impact).
The combined likelihood and seriousness of risks can then be logged in a Risk Register, along with any potential mitigation measures, so that the risks can be managed.
Risk Management Framework
Risk Management Framework