How can you use a risk assessment matrix to support ethical decision-making?

Mar 12, 2025 ... The Risk Assessment Matrix is a valuable tool that helps institutions understand and assess money laundering and terrorist financing risks. It ... The Federal Transit Administration (FTA) prepared this guide to assist your rail transit agency in establishing a safety risk assessment matrix appropriate ... A risk matrix consists of a 5 x 5 array of elements, as shown in Exhibit 4, each element representing a different set of impact and likelihood values. (Of ... A risk assessment matrix functions by plotting risks on a grid according to numeric values assigned to risk criteria, typically with two axes: likelihood on one ... Nov 26, 2014 ... The RAC is a level of risk for each hazard expressed as a single Arabic number as portrayed in the Basic Risk Assessment Matrix in Figure 1-3. ... risk for each hazard, expressed as a single Arabic number. Although not required, the use of a matrix, such as the one below, is helpful in identifying the RAC. This powerful tool helps you streamline your risk management process and prioritize actions to mitigate potential issues. Mar 26, 2025 ... 5×5 Risk Matrix Template · Risk Score = Probability Rating x Impact Rating · 1-6: Low Risk (Green) · 7-12: Medium Risk (Yellow) · 13-18: High ... Step 3- Use the matrix below to assess your activities. Tally the seriousness and probability scores for evaluation . Step 4- Brainstorm methods to manage risks ... Jul 20, 2023 ... Step 4.b. In order to analyze infection prevention data needed for the Risk Assessment Matrix, consider completing and attaching all applicable ...