Risk analysis tools can help your organization determine and reduce risks. A few wide range of software tools available, but it really is important to pick the right device for your needs.
Types of Risk Assessment Tools
There are several main types of risk analysis tools: risk matrix, decision tree analysis, failure methods and effects analysis (FMEA), and bowtie version. Each type of tool is beneficial in its own way and is used to house different areas of your business.
Probability/Consequence Matrix
The Probability/Consequence Matrix (P/C Matrix)...