The new risk matrix

Description:

The new matrix has been developed to better support the analysis and prioritization of risk management, offering a clearer overview and simpler filtering. It supports work with gross and net values for risks.

The new matrix with example risks:

 

 

Permission requirements and activation

• To gain access to the new matrix, you need access to the new view type. Currently, a product license for our standard product "Risk & Control" or "Information security" is required to access the new risk matrix. The new view is activated by us at Stratsys. For activation, or if you want to know more, contact your customer manager. 

• To be able to use the new view and matrix, risk KPIs needs to be used. ||

Interactive Elements and Filters

The risk matrix is interactive. By clicking on the different elements in the matrix, the underlying table is filtered. The matrix and the view use the same filters. In this way, it is clear and easy to follow how data in the entire view is filtered and changed.

The GIF below shows how different clickable elements interact with the filter:

 

 

Visual indication of the number of Risks

The total number of risks is shown for each cell with a number in a circle. The size of the circle corresponds to the number of risks in the cell, which facilitates an initial analysis of which risks may need to be addressed. For those working with gross and net values, this makes comparing gross and net values easier, as you can quickly see the change.

Hide or show the Matrix for increased focus in the moment

The matrix is displayed by default in the new view, but each user can choose whether to show or hide the matrix through the setting in the toolbar:

 

In this way, you can choose whether the focus should be on analysis and prioritization, or for example on risk documentation, by allocating more space to the new table view.

You can easily compare the distribution of gross and net risks by switching the display mode, as these are under separate tabs but still in the same view. The matrix remembers the last view the user was on.

When switching between gross and net values, the selected filtering is retained (provided that the matrices have the same configuration).

Activate the new matrix

The new matrix is activated in the administration for already created risk matrices:

The appearance of the matrix in the view differs from the classic matrix, as the colors are displayed with a different opacity. When activating the new matrix, you can see a preview of how the colors will be presented in the view:

The settings for the classic and the new matrix are common in terms of colors. To start using the new matrix, the matrix's colors need to be updated to new colors.