Portfolio Evaluation Tools
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==Limitations== | ==Limitations== | ||
The biggest constraint of risk matrices is that it is mainly based on qualitative discussions and thus, it lacks on quantitative and objective data. | The biggest constraint of risk matrices is that it is mainly based on qualitative discussions and thus, it lacks on quantitative and objective data. | ||
| + | <references /> | ||
Revision as of 14:58, 7 March 2020
Risk Matrix
A risk matrix is an effective and broadly used risk assessment tool. It is quite quick to create, and it is an easy way to identify problems. In some cases, it is also used to rank the risks to understand which one needs to be addressed first. Therefore, this tool has mainly two application:
- Decision making regarding the acceptance of risk
- Prioritize which risk needs to be addressed first [1]
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