What is A Risk Assessment Matrix? A Risk Matrix is an analysis matrix that is usually used for risk assessment. This is simply a tool to improve the visibility of hazards and help management decision making.
These types of matrices are available in many formats. The most popular format includes four levels of hazard classifications and four levels of severity. These are based on an eight-level numerical rating system. These can be easily viewed online by anyone who has access to the internet. Some websites provide a free online assessment with the additional option of downloading the complete matrix. These may be purchased as printed reports or downloaded by email. Some companies offer the matrix as a software package.
The matrix should be customized according to the specific type of safety system that is being assessed. It is advisable to consult a qualified, trained, and experienced agent to review the matrix.
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