Which two components does the risk assessment matrix use to assess hazards?

Which two components does the risk assessment matrix use to assess hazards?

• A. Probability and Severity
• B. Probability and Frequency
• C. Impact and Likelihood
• D. Time and Risk likelihood

Answer: (A)

Two factors determine risk on a matrix: how likely a hazard is to occur and how severe the consequences would be if it does. By placing hazards on these two dimensions, you get a clear risk level that guides what controls are needed. Probability reflects the chance of occurrence, while severity (or impact) describes how bad it would be if it happened. This combination—likelihood and impact—lets you distinguish small, unlikely harms from frequent, severe ones. Frequency isn’t a separate axis in this framework, and time isn’t part of the standard two-factor assessment. While some wording uses impact and likelihood, the common and most precise pairing here is probability and severity.

Two factors determine risk on a matrix: how likely a hazard is to occur and how severe the consequences would be if it does. By placing hazards on these two dimensions, you get a clear risk level that guides what controls are needed. Probability reflects the chance of occurrence, while severity (or impact) describes how bad it would be if it happened. This combination—likelihood and impact—lets you distinguish small, unlikely harms from frequent, severe ones. Frequency isn’t a separate axis in this framework, and time isn’t part of the standard two-factor assessment. While some wording uses impact and likelihood, the common and most precise pairing here is probability and severity.