I am providing a writing option for those struggling with creating a risk matrix. For those unable to complete the risk matrix, they will have the option of writing at least up to a 1500-word paper answering the following questions:
a. What is a risk matrix?
b. What are the key components of a risk matrix?
c. How does a risk matrix help in prioritizing risks?
d. How frequently is the risk matrix updated?
e. How does the risk matrix facilitate communication and collaboration?
f. How does the risk matrix help align with regulatory requirements and compliance? Students will need to cite a minimum of five qualitative sources.