An RSI Understanding Risk method
Risk matrices
Risk matrices is one of the methods used by Risk Sciences International to better understand risk.
Broadly
Risk matrices categorize risks based on likelihood and consequence, often using color-coded grids to support prioritization. They are widely used for communication, triage, and early-stage decision support. While intuitive, risk matrices can oversimplify, introduce subjective bias, or obscure important nuances if not well designed.
More specifically
RSI designs and applies risk matrices that are customized to context-specific scales, thresholds, and decision criteria. The firm ensures consistency in scoring, clarity in definitions, and appropriate use of visual cues. RSI also provides training and validation support to ensure matrices are used as intended in client settings.