Configure Risk Matrix

Configure Risk Matrix based on parameters defined by your organization to assess the Overall Risk associated with an incident by defining probable occurrence of risk incident and corresponding consequences with respect to safety, environment, asset damage/deferment and people. This helps you prioritize Notifications and accelerate the measures to be taken.

Do the following configurations to use Risk Matrix:
  1. Click Risk Matrix in the left panel.
  2. Click the Add icon next to the search field.
    You can also click the Copy button on the details pane of an existing Filter field to populate the properties in the Create Risk Matrix section.
  3. In the Create Risk Matrix section, enter the following information:
    Table 1. Risk Matrix configuration attributes
    Field Description
    Module Name Select the name of the Module where the Risk Matrix is configured.
    Screen Name Select the name of the screen where the Risk Matrix is configured.
    Field Name Field for which the Risk Matrix is configured.
    Risk Matrix Title Title of the Risk Matrix.
    Risk Consequence Add possible consequences associated with the Risk.
    Risk Probability Enter text to indicate the probable occurrence of the Risk.
    Risk Result Define the Results for the combination of Risk Consequence and Risk Probability.
    Risk Matrix Json Json string is populated after you configure the Risk Matrix. This can be saved for future use.
    Figure 1. Risk Matrix attributes
    Click Configure Risk Matrix to do the additional configurations.
    1. Define the probable impact (low, medium and high) of incident in the Risk Consequence section for categories like:
      • Safety Risk
      • Asset Damage/Deferment Risk
      • Environmental Risk
      • Reputation

      For example, you can set No impact as ‘0’ and High impact as ‘3’ on a scale of 0-3.

      Note: Consequences Categories are populated as defined in Risk Consequence field on Create Risk Matrix screen.
      Figure 2. Risk Consequence
    2. Define the possibilities of risk occurrence in the Risk Probability section. For example, you can set ‘Likely to occur in 1-2 days’ as High and ‘Likely to occur in 3 to 12 months’ as Low possibility on a scale of 0-3.
      Figure 3. Risk Probability
    3. Set the type of Risk Result indicating Action Type like Immediate, within a Month or 3 Months for the combination of Risk Consequence and Risk Probability in the Risk Result section.
      Note: Priority for actions items in Risk Result dropdown is displayed as defined in Risk Result field on Create Risk Matrix screen.
      Figure 4. Risk Result combination
    4. Click Submit.
  4. Click Create.