Risk Matrix

About the Baseline Risk Matrix Records

The baseline GE Digital APM database contains two Risk Matrices:

• Standard Practice

• Default

Note: If you are upgrading from a previous version of GE Digital APM, you will not receive the Standard

Practice Risk Matrix. You will receive only the Default Risk Matrix (and any Risk Matrices that you created

manually). The Default Risk Matrix will be phased out over the next several releases. If you are an existing

customer, you should continue using the Risk Matrix that you were using before you upgraded. New

customers, however, will receive both Risk Matrices but should use the Standard Practice Risk Matrix or

create their own Risk Matrix. In other words, the Standard Practice Risk Matrix is recommended for

customers who are not already using a different Risk Matrix. For this reason, the GE Digital APM

documentation explains the functionality of the Standard Practice Risk Matrix, not the Default Risk Matrix.

Throughout this documentation, when we use the phrase baseline Risk Matrix, we are referring to the

Standard Practice Risk Matrix. The Standard Practice Risk Matrix is not set automatically as the default

Risk Matrix. If you are planning to use it as the default Risk Matrix, you will need to select the Default

check box on the datasheet (after clearing the Default check box for the Default Risk Matrix).

The following image shows the Standard Practice Risk Matrix.

 

 

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The Standard Practice Risk Matrix consists of a Risk Matrix record and the following additional records:

• 4 Risk Category records: Safety, Environment, Operations, and Financial.

• 5 Consequence records: Very Low, Low, Medium, High, and Very High.

In the baseline GE Digital APM database, each Consequence record is linked to the following Risk

Category records: Environment, Operations, Safety. The Risk Category record Financial is not linked to

a Consequence record.

• 8 Probability records: Frequent, Probable, Likely, Credible, Remote, Possible, Improbable, Unlikely.

5 of these Probability records are linked to each Risk Category record, as shown in the following table.