Risk Management Matrix

Confluence is a very helpful and user-friendly collaborative tool that can be used for collaboration between small teams to work on small to medium-level projects. It has multiple templates that can be used for collaborative tasks including the risk management matrix.

Through the risk management matrix, we can assign a rating to the risks and see if a factor has low or extreme risk so we can make a decision accordingly. We can also judge the severity and probability of a factor’s risk with the help of analysis through the risk management matrix as we have shown In the matrix below.