Residual Risk Matrix

Much like the Initial Risk Matrix, the Residual Risk Matrix is a valuable tool for project stakeholders. It serves to visually represent the residual risk status of the project after risk mitigation efforts have been applied. Here's what the Residual Risk Matrix provides:

• Ticket Distribution: It offers a clear breakdown of the number of tickets associated with each specific risk category. This distribution helps stakeholders understand the distribution of risks across the project.

• Impact and Probability Analysis: The matrix further categorizes tickets based on their impact and probability, allowing stakeholders to grasp the nature of residual risks and their potential implications.

By presenting the project's residual risk landscape in this visual format, the Residual Risk Matrix facilitates a comprehensive understanding of the ongoing risk profile, enabling better risk management and decision-making.