4 level risk matrix


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  • What are the 4 layers of risk assessment?

    Step 1: Risk Identification.
    The first step in the risk management process is to identify all the events that can negatively (risk) or positively (opportunity) affect the objectives of the project: Step 2: Risk Assessment. Step 3: Risk Treatment. Step 4: Risk Monitoring and Reporting.

  • A risk matrix is a matrix that is used during risk assessment to define the level of risk by considering the category of probability or likelihood against the category of consequence severity.
    This is a simple mechanism to increase visibility of risks and assist management decision making.

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UPDATED] \


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