Topic: Introduction of the 3 x 3 Risk Matrix, which uses three levels of likelihood and three levels of severity.
Purpose: Designed for organizations that want a quick, straightforward tool to assess risks without the complexity of larger matrices.
How It Works:
Likelihood: unlikely, possible, likely
Severity: minor, moderate, major
Multiplying values produces a risk score that guides prioritization.
Runtime: A short, focused episode that emphasizes practicality.
Accessibility: Easier for frontline workers and small teams to understand and apply.
Speed: Reduces analysis time, making it ideal for fast-moving environments.
Consistency: Provides a standardized approach to risk evaluation, even in resource-limited settings.
Limited granularity: With fewer categories, the 3 x 3 matrix may oversimplify complex hazards.
Potential underestimation: Critical risks could be overlooked if severity or likelihood is not well defined.
Best use case: Works well for basic hazard identification but should be supplemented with deeper analysis for complex systems.
