Risk Assessment Matrix
Definition - What does Risk Assessment Matrix mean?
A risk assessment matrix, within the context of occupational health and safety, is a guideline used in various levels of risky situations to determine the product of the harm probability categories and harm severity categories. The risk assessment matrix is a mechanism devised to increase visibility of risks, and clarify those risks, under a given situation along with assisting management with decision making.
WorkplaceTesting explains Risk Assessment Matrix
Various standardized risk matrices are available in different contexts (e.g. NASA, ISO, US DoD). However, individual organizations are able to produce their own risk assessment matrix in order to apply all harm probabilities to their own work site situations.