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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.

Written by John Ennis

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

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