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A Risk Matrix can be used to
help you work out the level of risk associated with a particular issue.
They do this by categorising the likelihood of harm and the potential
severity of the harm. This is then plotted in a matrix (please see below
for an example). The risk level (between 1 and 25) determines which risks
should be tackled first. A score of 1 is 'very low risk', with the level
of risk increasing to 'very high risk' with a score of 25.
Using a matrix can be helpful
for prioritising your actions to control a risk. It is suitable for many
assessments but in particular to more complex situations. However, it does
require expertise and experience to judge the likelihood of harm
accurately. Getting this wrong could result in applying unnecessary
control measures or failing to take important ones.
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