The _______ matrix is a tool used to prioritize risks based on their impact and likelihood.

  • evaluation
  • response
  • risk
  • scoring
The "risk matrix" is a tool that visualizes risks in a matrix format, based on their likelihood (or probability) on one axis and their impact on another. By categorizing risks in this manner, teams can easily prioritize which risks need immediate attention and which can be addressed later or monitored.
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