RISK-ASSESSMENT MATRIX

Technique in which a table is employed to order hazards based on the probability of the occurrence of a hazard, along with the depth of effects from their consequences. Also known as: hazard-assessment matrix.

RISK-ASSESSMENT MATRIX: "Insurance companies often employ a risk-assessment matrix."
Cite this page: N., Pam M.S., "RISK-ASSESSMENT MATRIX," in PsychologyDictionary.org, April 28, 2013, https://psychologydictionary.org/risk-assessment-matrix/ (accessed June 24, 2021).
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