Risk Management Blog - ClearRisk

How to Build a Risk Map

Posted by Rebecca Webb on Tue, Dec 19, 2017 @ 15:12 PM

What are risk maps, and how do you build one? A risk map is built by plotting the frequency of a risk on the y-axis of the chart and the severity on the x-axis. Frequency is how likely the risk is or how often you think it will occur; severity is how much of an impact it would have if it did happen. The higher a risk ranks for these qualities, the more threatening it is to your organization.

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Topics: Risk Management Process, risk mapping, Risk Map, business risk management, how to map risks, how to make risk maps