The purpose of a risk-control matrix is to clearly outline:
By using this matrix, you can systematically document how you manage risks within your processes. Additionally, regular testing ensures that the implemented controls function as expected. Risks are prioritized based on the likelihood of their occurrence and the potential (financial) impact on the organization.
The matrix aids in identifying and categorizing potential risks faced by an organization. By naming risks in a structured manner, organizations gain better insights into their operational environment. Using the matrix, organizations can evaluate the severity and probability of various risks, allowing them to prioritize those that have the greatest impact on their goals and activities.
Based on identified risks, an organization can develop effective control measures to reduce or manage these risks to an acceptable level. These measures can range from operational procedures to investments in technological solutions. The risk-control matrix provides a structured framework for communicating risk information within the organization and with stakeholders such as investors, regulators, and customers. It also enables organizations to regularly report on the status of risks and the effectiveness of control measures.
In summary, a risk-control matrix helps organizations proactively identify, evaluate, and manage risks, which is essential for achieving their objectives and ensuring long-term success.
The ICR Growth & Success SaaS Platform helps people and organizations find balance and peace, through controlled and manageable growth, with the aim of a healthy and sustainably successful organization. We do this through the all-encompassing ICR Cycle.
Being inControl in this process from ambition to result is crucial. Within the ICR Cycle, inControl actually means controlled and manageable growth. The dashboard gives you insight into the current status. In the video below you can see how the dashboard transforms from the moment you start using ICR.
With our 4 ICR subscription options, you can decide for yourself when to fully engage with the entire ICR Cycle. Choose our successful approach and start your process 'from ambition to result' with the more than affordable ICR Ambition Refresher subscription.
The ICR Growth & Success SaaS Platform addresses a wide range of business needs, making it a versatile tool for organizations striving for sustainable success. Below is an overview of its general applications, along with the added value it provides for businesses and organizations.
Learn more about the general applications of the ICR Growth & Success SaaS platform.
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Sharing knowledge, experiences and network with like-minded individuals. Because we all want to be sustainably successful!
