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Probability And Impact Matrix

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A probability and severity risk matrix, commonly referred to as a risk assessment matrix, is a visual tool that illustrates various risks that could harm an organization. The possibility that the risk event will occur and the possible impact that it will have on the business are two intersecting aspects that form the basis of the risk matrix. In other words, it's a tool that enables you to see how likely a risk is compared to how serious it is.

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