Risk Management
Risk Assessment Matrix
Comprehensive risk assessment and treatment matrix.
The Challenge
Our client needed a structured, quantifiable way to evaluate and report on cyber risks across their sprawling supply chain, which was previously handled in disjointed spreadsheets with no clear treatment accountability.
The Solution
Developed a comprehensive, dynamic Risk Assessment Matrix that standardizes the calculation of risk likelihood against business impact.
The matrix maps directly to their Governance, Risk, and Compliance (GRC) framework, categorizing risks and mandating specific treatment strategies (mitigate, accept, transfer, or avoid) based on a predefined risk appetite.
The Results
- Established a clear, board-level view of current risk exposure.
- Standardized the third-party supplier assessment lifecycle.