**Risk Matrix** is a project management tool for categorizing, visualizing, and ultimately managing _risks_ to the success of the endeavor. They are [[Quadrant Charts|Matrix Diagram]]s wherein the horizontal and vertical axes refer to the **severity** and **likelihood** of the risk happening. They typically also include a score there is no "single and correct" way to stratify and classify your risks, but the example below seems pretty common. # Example Risk Matrix ![[risk_matrix.png]] From the source. **** ## Source - https://www.projectmanager.com/blog/raid-log-use-one ## Related