Risk Matrix Calculator

The choice of framework depends on your industry and requirements. NIST is widely used in government and cybersecurity contexts. ISO 27005 is popular for information security management. Choose a framework that aligns with your compliance requirements and organizational risk management practices.

Likelihood should be assessed based on historical data, threat intelligence, and expert judgment about how often the risk event might occur. Impact considers the potential consequences including financial loss, operational disruption, reputational damage, and regulatory penalties. Be consistent in your criteria across all risk assessments.

Yes, the tool includes a Risk Register feature that stores your assessments in your browser local storage. You can add completed assessments to the register, review historical assessments, and export your entire risk register to CSV format for reporting and documentation purposes.

The scenario library contains common risk scenarios across different categories such as cybersecurity threats, operational risks, compliance risks, and natural disasters. Each scenario includes typical likelihood and impact ratings as a starting point. You can select a scenario and adjust the ratings based on your specific context.

After calculating a risk score, the tool provides actionable recommendations based on the risk level. Critical and high risks typically require immediate action and mitigation strategies. Medium risks should be monitored and addressed within a defined timeframe. Low risks may be accepted or addressed as resources allow.