Question: A risk matrix is based on two intersecting factors: the likelihood that the risk event will occur and the potential impact the risk event will

A risk matrix is based on two intersecting factors: the likelihood that the risk event will occur and the potential impact the risk event will have on an organization.

Hypothetical scenario: Imagine invitees

(

patrons

)

attended an NBA playoff basketball game and were seated in a fan zone close to the court, without any protective barriers. During the game, a player loses control and dives for the ball, crashing into the seating area and injuring a patron.

It is uncommon for players to lose control and crash into this section of the stands.

A risk matrix helps you visualize the risk's possibility

/

probability vs

.

the severity and can assist with mitigating known and foreseeable hazards.

How would you plot the hazard

/

risk

,

and would you mitigate it

?

Why

/

why not?

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