Respuesta :
The level of risk is determined by comparing the categories of probability or likelihood and consequence severity in a risk matrix, which is utilized during risk assessment.
What is a risk matrix?
A risk matrix is a matrix that is used in risk assessment to establish the level of risk by balancing the likelihood or probability of an event versus the seriousness of the consequences. The management decision-making process will be aided by this straightforward mechanism for increasing risk visibility. The uncertainty surrounding a decision's outcome is known as risk. According to statistics, one can determine the degree of downside risk by multiplying the likelihood that harm will occur by the seriousness of that harm. When estimating probability or harm severity but being unable to do so precisely, the risk matrix is a useful tool.
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