Risk Matrix

How the Values in the Risk Matrix are Configured

You can configure each Risk Matrix to display values in certain places to guide users in selecting the

appropriate risk values.

Values in a Risk Matrix are determined as follows:

• The Risk Matrix as a whole that appears in the Risk Assessment window is specified by a Risk Matrix

record. Risk Matrix records store the values that determine how the Risk Matrix looks. Some of the

values in a Risk Matrix record are also used to filter the values that you can select in other records in

the Risk Matrix data model.

• Each tab in the Risk Assessment window is specified by a Risk Category record linked to the Risk

Matrix record.

• Within the Risk Matrix that appears upon selecting given tab, each row identifies a probability level

associated with the matrix. Each probability level is specified by a Probability record. The Risk Category

record to which the Probability record is linked determines the section in which the row will appear.

• Within the Risk Matrix that appears upon selecting a given tab, each column identifies a consequence

level associated with the matrix. Each consequence level is specified by a Consequence record. The

Risk Category record to which the Consequence record is linked determines the section in which the

column will appear.

• Within each Risk Matrix, each cell contains a color and a tooltip that explains the threshold within

which the risk value falls. The threshold values and corresponding colors are specified by Risk

Threshold records that are linked to the Risk Matrix record.

Example

Consider the following Risk Matrix.

 

 

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 2020 General Electric Company

 

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The values shown in this Risk Matrix are determined by the following records:

• Risk Matrix records: Determines the look of the Risk Matrix, such as the appearance, order, and axis

on which the probability and consequence values appear.

• Risk Category records: There are 4 Risk Category records linked to the Risk Matrix record shown:

Safety, Environment, Operations, and Financial. Each Risk Category record corresponds to one tab

within the Risk Assessment window. The image shown above displays the values in Probability and

Consequence records that are linked to the Safety Risk Category record.

• Probability records: There are 5 Probability records linked to the Environment Risk Category record.

Each Probability record corresponds to one row in the Risk Matrix.

The Probability record for the first row shown in this example contains the following values:

◦ Name: Probable

◦ Value: 1

◦ Description: Likely to occur the same as mission time