Risk Mapping

… a core concept used in Implementation and Delivery and Atlas107

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Concept description

Andrew Graham (reference below, e-book on right) describes risk mapping as displaying assessments along the two axes that define risk: probability and impact.

Graham writes:

“… it is important to keep in mind that risks are defined by two axes: probability and impact. Normally, risk maps are constructed using these two axes. They are important part of the process for they begin to set in place a collective understanding of the risk landscape as a whole. At its simplest, this mapping process will produce four quadrants, each of which has unique characteristics.

Risk matrix

Graham reviews examples of risk matrices, including the one below used by the City of Winnipeg below (where the axes are reversed from the matrix above), and notes that the legend “defines the risk levels and indicates what sort of managerial attention is needed for each level.” (p. 96)

Atlas topic, subject, and course

Managing Risk (core topic) in Implementation and Delivery and Atlas107.

Sources

Andrew Graham (2008), Integrated Risk Management Implementation Guide, free e-book at http://www.andrewbgraham.ca/integrated-risk-management-implementation-an-e-book.html, accessed 21 September 2017.

Page created by: Ian Clark, last modified 21 September 2017.

Image: Andrew Graham (2008), Integrated Risk Management Implementation Guide, free e-book at http://www.andrewbgraham.ca/integrated-risk-management-implementation-an-e-book.html, accessed 21 September 2017.