Risk Assessment Matrix
Use a risk assessment matrix to identify risk priorities.
- Input your Risk Descriptions in column A.
- Next, measure your Business Impact in column B by inputting 1 (low), 3 (medium), 5 (high).
- Input your Probability of Occurance in column C: 1 (low), 3 (medium), 5 (high).
- The priority of your risk will be calculated in column D:
(Prioritize your necessary risks based upon the highest/lowest values)
This template can be accessed in the Improvement Tools drop-down menu, found in the "Templates for Lean Six Sigma" portion of the software:
