Heat Map

June 12, 2018 Posted by 0 thoughts on “Heat Map”
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Heat maps are visual diagrams which can be used to assess and visualize risks by categorizing risks on a scale of event likelihood and consequence. Heat maps provide a holistic view for strategic decisions, improved management of risks and governance, increased focus on the risk appetite and risk tolerance of a company, identification of gaps in the risk management and control process, and greater integration of risk management across the enterprise and embedding of risk management in operations.

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