How do you feel about a risk matrix in your risk assessment? I must admit I often struggled to find their value in my area of high risk deployments where more often than not everything is in the upper right quadrant. But speaking to loads of clients and subject matter experts - I have been convinced that they can be a useful visualisation in many many situations. And after much hard work on the development side of things, our small but mighty dev team are introducing a great risk matrix tool. Great because it is really easy to reorder the threats using a simple drag and drop functionality. So you can order your threats according to level and allow people to focus on the priority risks, quick. For me I hated messing around with risk matrices in word where one small cut and paste action or attempt to format could destroy loads of work and throw the whole table into disarray. In short, we have built a easy to use visual tool for risk prioritsation. As always - interested to hear from others what their bug bears are. And I haven’t’ even mentioned the subjectivity issues…….. #riskvisualisation #informationisbeautiful #riskassessment
Introducing the Risk Matrix: See Your Risks Clearly with Our New Feature! We are excited to announce the launch of our brand new Risk Matrix feature in our risk assessment software solution! Our brains are wired to process visual information far more efficiently than text. The Risk Matrix leverages this by transforming complex data points into a simple and intuitive grid. This allows you to: - See Trends and Patterns: Identify clusters of risks that might point to underlying systemic issues. - Make Informed Decisions: Visualising risks side-by-side allows for a more objective and data-driven approach to risk management. - Boost Communication: Easily communicate risk levels to stakeholders with a clear and concise visual representation. Get started with the Risk Matrix feature today! Our software is designed to streamline your risk assessment process, empowering you to make proactive decisions and achieve your goals with greater confidence. #RiskManagement #RiskAssessment #Software #DataVisualisation #ProjectManagement P.S. Feel free to share your thoughts on risk matrices in the comments below! How do you use them in your organisation?
Senior Risk Engineer at Zurich Resilience Solutions | Risk Management Specialist | Board Director | Women in Health and Safety Award Winner
4moI love the visual of a matrix and let’s be honest, who doesn’t love the traffic light colours. But at the end of the day it can be very subjective (and rely heavily on the assessors prior experiences or own biases). I do however, think the recording of the residual risk score is very important and that’s the things that should be tracked.