Risk / Impact Matrix

Breadcrumb Abstract Shape
Breadcrumb Abstract Shape
Breadcrumb Abstract Shape

Use this matrix to compare likelihood and impact so you can decide which risks to monitor, mitigate, transfer, or avoid.

HIGH IMPACT

Reduce impact

Avoid

LOW IMPACT

Accept and monitor

LOW RISK

Reduce or transfer risk

HIGH RISK

How to run it

  • List the key risks with clear cause and consequence.
  • Score likelihood and impact using a simple scale (eg 1-5).
  • Prioritise top risks and assign owners and mitigations.

Success factor

Define risks clearly enough that the consequence can be understood and managed.

Output

A prioritised risk response plan: monitor, mitigate, transfer, or avoid.

Digital Knowledge Co courses use tools like this to turn risk discussions into clearer decisions – supported by practical guidance and reusable resources.

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