Further thoughts on the utility of risk matrices

Article

Ball, D. and Watt, J. 2013. Further thoughts on the utility of risk matrices. Risk Analysis. 33 (11), pp. 2068-2078. https://doi.org/10.1111/risa.12057
TypeArticle
TitleFurther thoughts on the utility of risk matrices
AuthorsBall, D. and Watt, J.
Abstract

Risk matrices are commonly-encountered devices for rating hazards in numerous areas of risk management. Part of their popularity is predicated on their apparent simplicity and transparency. Recent research, however, has identified serious mathematical defects and inconsistencies. This article further examines the reliability and utility of risk matrices for ranking hazards, specifically in the context of public leisure activities including travel. We find that (a) different risk assessors may assign vastly different ratings to the same hazard, (b) that even following lengthy reflection and learning scatter remains high, (c) the underlying drivers of disparate ratings relate to fundamentally different worldviews, beliefs and a panoply of psycho-social factors which are seldom explicitly acknowledged. It appears that risk matrices when used in this context may be creating no more than an artificial and even untrustworthy picture of the relative importance of hazards which may be of little or no benefit to those trying to manage risk effectively and rationally.

Research GroupCentre for Decision Analysis and Risk Management (DARM)
PublisherWileyBlackwell
JournalRisk Analysis
ISSN0272-4332
Publication dates
PrintNov 2013
Publication process dates
Deposited11 Feb 2013
Output statusPublished
Additional information

Article first published online: 8 MAY 2013

Digital Object Identifier (DOI)https://doi.org/10.1111/risa.12057
LanguageEnglish
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