Category

STRATEGY

Category

The one thing that is common in all humans is the will to take risks at some point in their life, to pursue what they genuinely care about. While this might be a great motivator in our routine life, it cannot be considered professional in a professional environment. Why not? Well, for starters, risks are .. you know risks. They are never alone. They bring along significant repercussions that need to be dealt with. A professional environment does not allow opting towards risks unless it is an absolute necessity. For this reason, risk matrix is a common and effective practice that assesses the risks and alerts the organization about the probable consequences and their severity. Factors affecting a Risk Matrix A risk matrix is a simple matrix that comes in handy when you face a lack of guarantee to the outcome of a particular choice you are about to make.…