Crisis matrix was designed by Klaus Winterling. The matrix is one of analytical techniques used in risk management and crisis management. The matrix allows risks categorization by two paramters:
- Probability of a risk occur at a given time - how real and probable is that the risk will actually occurs - matrix defines three levels of probability - low, medium and high
- Risk effects on an organization - what what would be the impacts of the risk on an organization if the risk occurs - matrix defines three levels of effect - negative, threatening and destructive
Matrix is shown graphically as follows:
The more risk moves diagonally up right, the more attention should be given to it within the risk management and crisis management.
Related terms and methods:
- Bottleneck
- Forecasting
- Marketing environment
- Risks
Related management fields: