Risk Management
April 4, 2025
How to Prepare a Risk Control Matrix: A Complete Guide
A Risk Control Matrix (RCM) helps organizations evaluate risks by assessing the likelihood and impact of potential threats. It categorizes risks based on their probability of occurrence and the severity of their consequences, helping prioritize which risks need attention. By using RCM, risk managers can make informed decisions and effectively communicate within their teams to mitigate risks across different areas like finance, operations, and compliance.
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