GovernStack
📊Business

Risk Matrix Generator

A risk matrix is one of the most widely used tools in enterprise risk management, ISO 27001 risk assessments, and project management. It maps the likelihood of a risk occurring against its potential impact, producing a risk score that guides prioritisation and treatment decisions. This free risk matrix generator lets you add multiple risks, visualise them on a professional 5×5 matrix, and see colour-coded risk ratings that follow standard risk management conventions.

Risk Matrix

← Impact →
Negligible
Minor
Moderate
Major
Critical
Almost Certain
5
10
15
20
25
Likely
4
8
12
16
20
Possible
3
6
9
12
Phishing /…
15
Unlikely
2
4
6
Key staff …
8
10
Rare
1
2
3
4
5
Low (1–4)Medium (5–9)High (10–16)Critical (17–25)

Risk Register (2)

12
Phishing / credential theft
L:3 × I:4 · CISO · High
6
Key staff departure
L:2 × I:3 · HR · Medium

5×5 risk matrix following ISO 31000 and ISO 27001 conventions. Use Ctrl+P / Cmd+P to print or save as PDF.

Frequently Asked Questions

What is a risk matrix?

A risk matrix (also called a probability-impact matrix or risk assessment matrix) is a visual tool that plots risks based on their likelihood of occurring and their potential impact if they do. The intersection of these two dimensions produces a risk score, enabling organisations to prioritise risks objectively.

How do I score likelihood and impact?

On a 1–5 scale: Likelihood 1 = Rare (may occur in exceptional circumstances), 2 = Unlikely (could occur but improbable), 3 = Possible (might occur at some point), 4 = Likely (will probably occur), 5 = Almost Certain (expected to occur regularly). Impact 1 = Negligible, 2 = Minor, 3 = Moderate, 4 = Major, 5 = Critical/Catastrophic.

What do the colour zones mean in a risk matrix?

Standard conventions: Green (1–4) = Low risk, acceptable with monitoring. Yellow (5–9) = Medium risk, manage and mitigate. Orange (10–16) = High risk, immediate action and treatment plans required. Red (17–25) = Critical risk, escalate immediately and prioritise treatment.

How is a risk matrix used in ISO 27001?

ISO 27001 requires organisations to assess information security risks using a defined and repeatable methodology. A risk matrix satisfies this requirement by providing a consistent scoring mechanism. The standard requires risks to be owned, assessed, and treated — with residual risks compared against an accepted risk appetite.

Can I export my risk matrix?

This tool allows you to print or save the risk matrix as a PDF using your browser's built-in print function (Ctrl+P / Cmd+P, then select "Save as PDF"). For full editable exports in Excel or PowerPoint format, consider our downloadable risk register templates (coming soon).

Related Tools