A grid that turns a likelihood rating and a severity rating, each on defined scales, into a band that triggers a treatment, a gate and a review cadence. Useful for consistency, not precision 1; keep the numbers behind each cell.
- Developed in
- ch. 13, Assessing risk: the likelihood-by-severity matrix
- Chapters
- ch. 13, Risk Management
- Source
- 1 numbered reference, listed below
Where it is used
One chapter of the Body of Knowledge uses the term. Each link opens the first section that does.
- 13 · Risk Management Assessing risk: the likelihood-by-severity matrix 1 mention
Sources
- [1] What's Wrong with Risk Matrices? (L. A. Cox Jr.; Risk Analysis 28(2) 497-512). Wiley. 2008-04. https://doi.org/10.1111/j.1539-6924.2008.01030.x (verified: primary)
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