How to make your own comparison table

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See free classes! Here we leave you an example so that you have more insight into : frequency vs impact comparison table Make a graph You will take into account the classic colors of a risk table: green, orange, yellow and red. Which will help you determine which are the most urgent risks for your company, even those that you have been able to control. In the following table you will see an example of how you can create your risk matrix on your own, you can either rely on technological tools or a simple Excel sheet: frequency vs impact graph in risk matrix Essential characteristics of a risk matrix Everything you do for your company or business must have a list of requirements that bring it closer to your objectives, the same goes for your risk matrix.


Take a look at the qualities you should bet on: It should be Belarus WhatsApp Number easy to read and analyze: both the elements you use to explain the current state of your company and those that give rise to its reading should be as practical as possible. The important thing is that both you and your work team can read the same document and understand its message. It must go from the macro to the micro: you will then include everything that is global to what corresponds to a specific department, no matter how small. It should give you the opportunity to compare : a before and after, how things have been done, what results the business obtained in previous months.





It must be objective : and for this you need it to be specific with what it is going to communicate to you, so you will bet on adding only data that is measurable and analysable over time. Final recommendations for your risk matrix Colors are key to improving the flow and analysis of your risk matrix, so it is important that you use easily identifiable colors such as green, yellow and red. Just as the traffic lights indicate: the green light is synonymous with a risk that has already been stabilized or addressed in time, the yelloworange will indicate what possible surprises you can expect and the red are alert areas that must be attended to immediately.