Risk and How to use a Risk Matrix

Risk and How to use a Risk Matrix

In this video we will take a look at what risk is and how to use a simple risk matrix.

This video was created by Ranil Appuhamy
Voiceover – James Clark

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Disclaimer:
These videos are provided for educational purposes only. Users should not rely solely on the information contained within these videos and is not intended to be a substitute for advice from other relevant sources. The author/s do not warrant or represent that the information contained in the videos are accurate, current or complete and do not accept any legal liability or responsibility for any loss, damages, costs or expenses incurred by the use of, or reliance on, or interpretation of, the information contained in the videos.

50 Comments

  1. Penguin Jiang on June 10, 2022 at 8:35 pm

    which software do you use to create this video?



  2. sham rode on June 10, 2022 at 8:35 pm

    Very interesting & useful information, thanx for sharing.



  3. Mcboyo on June 10, 2022 at 8:36 pm

    POV: You clicked on this video because you have to learn about WHS as part of the course.



  4. Aadvik Harsh on June 10, 2022 at 8:36 pm

    His virus thing was the correct prediction.



  5. Alpha Kalo on June 10, 2022 at 8:37 pm

    Very well explained



  6. Adiola James on June 10, 2022 at 8:38 pm

    Nicely explained and in the shortest possible time. Thank you



  7. tina rose wolfe on June 10, 2022 at 8:38 pm

    Now the cover letter is .. I like memo format but you can do any u prefer that is the reason you are interested why you think you deserve it and how you can benefit the company… It’s important not to be lengthy but direct and to the point cause they read several and time is money .. don’t be afraid to be direct and honest it will take you to the maybe pile



  8. amnest1ac on June 10, 2022 at 8:43 pm

    there are significant issues with risk matrices – rank reversal, range compression, poor resolution, centricity bias… just to name a few.



  9. Walt Tabit on June 10, 2022 at 8:47 pm

    Wonder Why Breathing & eating were listed per year when Travelling listed per day – when per year like sum of 1,095,000 Death.



  10. tina rose wolfe on June 10, 2022 at 8:47 pm

    Let me tell risk I’m tired of being this video risk and bush fire well the burning bush talked till someone passed by to hear it



  11. Jerry Addison on June 10, 2022 at 8:49 pm

    How can we quantify these risk variables?



  12. tina rose wolfe on June 10, 2022 at 8:50 pm

    Ok now make sure every page has a footer that says pg 1 of 5 how many u send just to make sure they are aware how many they supposed to have that systems delay and fax runs out of paper it’s important to do that they will notice..



  13. Vidath Akalanka Wijayapala on June 10, 2022 at 8:51 pm

    V good presentation. Thanks all of you



  14. Derin 82 on June 10, 2022 at 8:53 pm

    Coffin Dance.

    Du du du dud dud duddududuuuuu



  15. max donner on June 10, 2022 at 8:55 pm

    New virus you say?



  16. K on June 10, 2022 at 8:55 pm

    virus = new risk



  17. tina rose wolfe on June 10, 2022 at 8:55 pm

    It’s the fact I had to read the penal code and civil rights to be in the right place because anything I do for him I will be sure my child doesn’t take fault for my mistakes like others who slap sites together and let their kids names be all over it or their wives it’s hard that everything I did I did for a reason to be lay 20 dollars on the table sometimes to see where it goes



  18. Positive-Affirmation-4-Success on June 10, 2022 at 8:57 pm

    Very good explanation



  19. chinah wong on June 10, 2022 at 8:59 pm

    urgent news about Metformin Doctors are urging every American with type II diabetes to read this trending news story: https://bit.ly/3itH38O



  20. Sumon on June 10, 2022 at 8:59 pm

    who is the inventor this formula
    Risk (R) = Likelihood (L) × Severity (S) or risk matrix?



  21. salumu kamba on June 10, 2022 at 9:00 pm

    INCREDIBLE



  22. tina rose wolfe on June 10, 2022 at 9:02 pm

    Adam key listen to me I have plenty to help u if you need funds I need to see u in person I can .. I know how to do what needs to be the appropriate steps to get u started this was all so u would have a future of the things I could never give u I learned how to take u to the ball game son …



  23. 7th CAV Trooper on June 10, 2022 at 9:06 pm

    1. raise your hand if you recognize this as a graph theory problem
    2. every programmer watching this just cringed when the high-to-low was drawn upside down on the y-axis.



  24. David Walker on June 10, 2022 at 9:07 pm

    We are all making risk assesments all the time without conciesly knowing it .if we didnt we would already be dead. All this bollocks is to keep someone in a pointless job. Putting time on contractors writing graphs and forms for nobody to ever read



  25. Faradina Vidyani on June 10, 2022 at 9:08 pm

    What useful information. would it be possible to use a risk matrix to determine the level of priority?



  26. Alex W on June 10, 2022 at 9:09 pm

    1:00 the man just predicted 2020; Corona Virus, Australia & California forest fires & Beirut Explosion!



  27. Vaibhav Sethwala on June 10, 2022 at 9:09 pm

    Wow what a simple video. Amazing. Thanks <3



  28. Kwaku Kpobi on June 10, 2022 at 9:09 pm

    This a well planned and thorough presentation…..one of the best I have watched



  29. Chill House on June 10, 2022 at 9:10 pm

    How to monitor the risk??? Please do an example



  30. Sepehr Alian on June 10, 2022 at 9:10 pm

    Thanks



  31. Walt Tabit on June 10, 2022 at 9:14 pm

    a Solution to Minimize any risk or consequences to Zero not longer a Risk – in this example crossing a Road, maybe you have more chances to get run over by car while you on the path higher compare to a person crossing a road since when you crossing you look right and left,, however when you on the path, you have minimal expectation that you gonna get run over by a Car, beside its very low risk of course.



  32. Adeyemi Olusegun on June 10, 2022 at 9:15 pm

    What is the risk from an influenza virus. This guy was ahead of his time



  33. Kamola Allanazarova on June 10, 2022 at 9:17 pm

    Thank you for useful video



  34. tina rose wolfe on June 10, 2022 at 9:17 pm

    The fact I can’t get the things I need to do it because the fact idk they don’t want me to because they take everything I do for their own gain and the things I have for you son to develop is just peachy



  35. matama ronnie on June 10, 2022 at 9:17 pm

    ABIT CONFUSING ON THE LIKELYWOOD ND CONSQUNCES



  36. Shukri Hassan Hared on June 10, 2022 at 9:19 pm

    Dear sir the environment risk is so serious and severe according to associate and child forces. Please to fill this matrix send me my email it should be pdf to download. Thanks



  37. Callum Campbell on June 10, 2022 at 9:19 pm

    Just the same way I saw testimony of how Austin helped a man make -$50,000 weekly Profit I tried now am also sharing my testimony with over,$10,000 from the company thanks for the good did she has done for me for this short period of time



  38. Sol Audio - Kênh truyện on June 10, 2022 at 9:19 pm

    A basic understanding about Risk Assessment, B/c as mentioned in the Video, there’re various types of Risk matrix depend on the particular context! Thanks a lot!



  39. Pedram Qazizadeh on June 10, 2022 at 9:21 pm

    Thank you Dr. Ranil Appuhamy. It is so Useful and practical.



  40. tina rose wolfe on June 10, 2022 at 9:22 pm

    Slides the presentation to a new level of power point
    They said mine wasn’t colorful enough I didn’t think it matter long as I had the power point



  41. dinesh nagwekar on June 10, 2022 at 9:22 pm

    Nicely explained!



  42. Ressy on June 10, 2022 at 9:22 pm

    Daily life is a risk atm thanks to Coronavirus :’D



  43. Aniket Sudrik on June 10, 2022 at 9:26 pm

    How can we use this risk matrix to calculate risk in small construction projects? Like how can we apply to it



  44. tina rose wolfe on June 10, 2022 at 9:26 pm

    You risk the assumption that everyone can see the right color…. I’m a person who see the color because of my vision my husband is color blind.. if you take the shade to be not of the same family it may work but I think if u do color scheme code u should add pattern with the color say red is all popadots and green stripe and orange little triangles u get the point and a scheme is like a map so include a key …. That way everyone is on the same page
    Sunmum
    If it ever profits
    5 percentage to vision for astigmatism



  45. amir hkiri on June 10, 2022 at 9:27 pm

    Thank you, I have a PPT presentation on Occupational Risks and the ISO standard. You helped me a lot.



  46. Glenn Zarmanov on June 10, 2022 at 9:27 pm

    thanks



  47. Dan Mad on June 10, 2022 at 9:27 pm

    it’s 2021 year i nthe middle of a new pandemic virus, damn u predicted the future



  48. Nasreen Smile on June 10, 2022 at 9:28 pm

    This video helped me on my video last year and remembered it this year during my 4th year project management assignment, searched for it for almost an hour😭😅.. Finally found it 😁



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  50. Glen A. Jackson on June 10, 2022 at 9:33 pm

    I’m showing this to my 3 classes of IELTS students this week. But I DO have a question:

    Why is the distribution color asymmetrical in distribution in the matrix itself? If anything, I would expect more red or yellow squares and fewer green ones?