What is the purpose of a Risk Assessment Matrix in risk management?

• A. Plots likelihood against severity to categorize hazards, guiding the selection of controls and prioritization of mitigation actions.
• B. Measures daily supply consumption and logistics readiness.
• C. Determines the duration of missions and retirement schedules.
• D. Assesses morale and welfare of soldiers.

Answer: (A)

The purpose of a Risk Assessment Matrix is to plot likelihood against severity to categorize hazards and guide the selection of controls and prioritization of mitigation actions. This matrix provides a clear risk rating for each hazard, helping teams decide which risks to address first and what measures are most appropriate to reduce risk. It supports planning by aligning resources and actions with the level of risk and allows tracking of risk reduction over time. It’s not used to measure daily supply consumption or logistics readiness, determine mission duration or retirement schedules, or assess morale and welfare.