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Risk Management with Matrix Requirements.
The Risk Module of Matrix Requirements® enables you to identify risks and associate them with risk control measures. You can customize the risk formula to incorporate parameters such as probability, severity, and detectability, allowing for calculations of risk values prior and after mitigation.
A smarter way to customize the risk formula with Matrix Requirements
Incorporate parameters such as probability, severity, and detectability, allowing for calculations of risk values prior and after mitigation.
You can define multiple risk layers within the same project, each with its own configuration. This enables you to distinguish between types of risks, such as software, hardware, or production risks, allowing for tailored risk analysis per category. The risk module also offers comprehensive configurability for tracking and assessing risks. Each risk entry consists of several key components:
Risk Input: Define the factors influencing a risk, such as numeric or text-based values and define how to combine factors to assess risk acceptability.
Pre-Control Risk Assessment: Evaluates risk acceptability before any controls are applied, by defining a risk index based on the risk inputs.
Risk Controls: Identify or create items in specified categories that serve as risk control measures.
Post-Control Risk Assessment: Re-assesses risk acceptability with updated risk index after applying controls.
You can configure any design category as a risk control (mitigation) and identify the design item used as a control to your risk.
Visualize risk and identify potential areas of concern within the risk landscape with two dashboards, Risk Matrix and Risk Stats. These dashboards make managing risks easy and you can also copy/paste them into your documents text fields to ensure teams are aligned on risk levels throughout the development lifecycle and create easy reports.
Accelerate time to market with Matrix Requirements
Hear from our customers
“Using Matrix during development, we estimate that more than 90% of the hurdle of preparing documentation for market approval has been overcome along the way.”
Dr. Lorenz Uebersax, Chief Product Regulatory Officer, KOVE