Wednesday, March 21, 2018

Netiquette IQ - What Is A Risk Map?





Risk Map
from whatis.net
A risk map, also known as a risk heat map, is a data visualization tool for communicating specific risks an organization faces. A risk map helps companies identify and prioritize the risks associated with their business.
The goal of a risk map is to improve an organization's understanding of its risk profile and appetite, clarify thinking on the nature and impact of risks, and improve the organization's risk assessment model. In the enterprise, a risk map is often presented as a two-dimensional matrix. For example, the likelihood a risk will occur may be plotted on the x-axis, while the impact of the same risk is plotted on the y-axis.
A risk map is considered a critical component of enterprise risk management because it helps identify risks that need more attention. Identified risks that fall in the high-frequency and high-severity section can then be made a priority by organizations. If the organization is dispersed geographically and certain risks are associated with certain geographical areas, risks might be illustrated with a heat map, using color to illustrate the levels of risk to which individual branch offices are exposed. Read more...

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In addition to this blog, Netiquette IQ has a website with great assets which are being added to on a regular basis. I have authored the premiere book on Netiquette, “Netiquette IQ - A Comprehensive Guide to Improve, Enhance and Add Power to Your Email". My new book, “You’re Hired! Super Charge Your Email Skills in 60 Minutes. . . And Get That Job!” has just been published and will be followed by a trilogy of books on Netiquette for young people. You can view my profile, reviews of the book and content excerpts at:


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