what are risk maps
A risk map is a data visualization tool for communicating specific risks an organization faces. 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 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. Download: Top FAQs regarding the impact of 4 common compliance regulations.