Risk Matrix Definition

Defining the Risk Matrix

The Risk Matrix table that appears within the system can be updated by the System Administrator. Changes can be made to the risk level definitions, likelihood and consequences. Further information can be included for each type of likelihood and consequence and is displayed when a person hovers over the corresponding risk rating. The Risk Level Definition shows the different colour categories, name and description of the risk.

Adding a Likelihood to the Risk Matrix

1. Select Add Likelihood.
2. Double click the newly created likelihood.
3. Enter a name for the likelihood and add description information. The description information that is entered will be displayed when a person hovers over the corresponding risk rating.

Adding a Consequence to the Risk Matrix

1. Select Add Consequence.
2. Double click the newly created consequence.
3. Enter a name for the consequence and add description information. The description information that is entered will be displayed when a person hovers over the corresponding risk rating.

Updating a Likelihood or Consequence

1. Double click the likelihood or consequence to update.
2. Edit the Name or Description information.
3. Select Save.

Deleting a Likelihood or Consequence

1. Double click the likelihood or consequence to delete.
2. Select Delete.

Adding a Risk Level to the Matrix

1. Select Add Risk Level.
2. Enter a Name for the Risk Level.
3. Enter a Description of the Risk Level.
4. Select a Colour for the Risk Level.
5. Select a Text Colour.
6. Select the number category.

Editing a Risk Level to the Matrix

1. Double-click the Risk Level to update.
2. Edit the Risk Level as required.