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7 July, 01:29

List two ways the decision making matrix model is used to consider risk

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  1. 7 July, 01:45
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    1-Likelihood

    2 - Outcome

    Explanation:

    1-Likelihood : It is a mechanism for measuring the level of risk in the matrix model. A risk assessment is effective for risk prevention and guidance for decision making.

    2 - Outcome: It is a tool that assists in decision making based on measurement of results. Through the results it is possible to measure the strengths and weaknesses of a given period and outline strategies to correct the failures.
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