Volume 4, Issue 1, March 2014, Pages 49 - 57
Review of the Strengths and Weaknesses of Risk Matrices
Received 5 July 2013, Accepted 29 January 2014, Available Online 3 March 2014.
- https://doi.org/10.2991/jrarc.2014.4.1.6How to use a DOI?
- Risk Assessment Matrix, Risk Matrices, NHS risk matrix, quantitative risk matrix
- Risk assessment and risk matrices are powered tools used in risk management and help guide in the process of decision-making in organisations. Nevertheless, risk matrices have their own weaknesses and strengths. This paper provides a critical overview of the development and use of risk matrices in different field with an example of the risk matrix used by the National Health Service (NHS) in England. Risk matrices are helpful tools for risk assessment as they use quantitative measures to ensure consistent method of determining risk but organisations should adjust the design and size of risk matrices to suit their needs.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - JOUR AU - Mustafa Elmontsri PY - 2014 DA - 2014/03 TI - Review of the Strengths and Weaknesses of Risk Matrices JO - Journal of Risk Analysis and Crisis Response SP - 49 EP - 57 VL - 4 IS - 1 SN - 2210-8505 UR - https://doi.org/10.2991/jrarc.2014.4.1.6 DO - https://doi.org/10.2991/jrarc.2014.4.1.6 ID - Elmontsri2014 ER -