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Configuring Your Risk Matrix

Define the likelihood and consequence scales for your risk matrix and configure color-coded risk levels to align with your organization’s standards.

John Ennis avatar
Written by John Ennis
Updated over a month ago

The Risk Matrix determines how asset risk levels are assigned based on the combination of LoF and CoF.

Steps

  1. Go to Admin → Risk → Risk Matrix

  2. Set:

    • Maximum LoF level (rows)

    • Maximum CoF level (columns)

    • Maximum risk level

  3. Edit each matrix cell to assign a risk level (e.g., 1–5)

Example

High CoF + High LoF = High Risk → Will drive more frequent inspection.

Tip

Keep your matrix aligned with:

  • Company risk policy

  • Regulatory integrity requirements

Next steps: Configuring Consequence of Failure Values

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