Risk Assessment Matrix
Reference model
Risks are plotted on a matrix to visualize their severity and prioritize response efforts.
About this model
A visual tool that categorizes risks based on their likelihood and impact, facilitating better decision-making and resource allocation.
Originator not stated.
How to read it
- Identify risks and assess their likelihood and impact.
- Plot each risk on the matrix to visualize its severity.
What this does
Evaluates and prioritizes risks based on their likelihood of occurrence and potential impact, helping teams to focus on the most significant threats.
When to use it
Use it when you need to identify, assess, and prioritize risks to make informed decisions about risk management strategies.
Not when: Do not use it when risks are not quantifiable or when the team lacks the necessary data to make accurate assessments.
What happens next
Develop a risk mitigation plan based on the prioritized risks identified.
Golden thread
Builds on ←
- Risk identification
- Risk analysis
Feeds into →
- Risk mitigation plan
Use this tool, free
Sign in to open the worksheet. Your work saves as you type, the AI can draft the parts you have not filled in, and you finish with an analysis and a 30/60/90-day action plan.
Drafted with AI and reviewed by Eccellere on 04/11/2026. Guidance, not advice: apply your own judgement.