Example: tourism industry
Search results with tag "Drilling hazard management"
Drilling hazard management: The value of risk assessment
www.successful-energy.comgranular tabular matrix for probability on one axis and severity of consequence on the other. In general, the more granu-lar the matrix, the more valuable it is in terms of defining, ranking and managing risks. Table 1 depicts a typical industry risk matrix. The risk matrix can be adjusted for levels of likelihood or probability and costs.