The risk assessment matrix is meant to assess the possibility of a risk to occur and the damages the same risk can cause into an organization. So, it is essential to come up with a reliable risk matrix template. The article has some necessary parts that you should take into considerations when coming up with a reasonable assessment report.
Risk Assessment Guide
When assessing for a potential occurrence of a particular risk, the following should be your key areas to major.
Type of the Risk
First of all, you have to identify the risk, and you can use experience if possible and, if not, try to find which threat is most likely to occur.
When you have identified the risk then you have to classify the risk into the following categories;
Technological risks; Risks that might arise due to unstable technology
Regulatory risks; risks that are due to noncompliance to regulation
Categorize your risk depending on the potential reason for the occurrence.