The Application Of Risk Matrix In Risk Management Of A Company

With the increase of global integration,the market economy has become prosperous and management activities have shown a diversified trend among enterprises.Risk management gradually enters people's field of vision.If you cannot reduce the risk to an acceptable level,it will bring losses to the company,and even lead to bankruptcy.Recently,domestic and foreign research institutions have pushed the construction of risk management theory system to a new climax,focused on researching enterprise comprehensive risk management and project risk management,and gradually improved the theoretical system with relevant achievements.This article takes A company as a research case for military import and export companies.The company's risk is high and it has more significant results.First,a risk management expert group was established to use the risk matrix method to summarize and classify A company's 7 top-level risks,to refine them to second-level risks based on the first-level risks,and to quantify risks that are uncertain and not easily measured.Then divide the risk into two dimensions: occurrence probability and impact degree.The product of the two values represents the risk level.The higher the value is,the higher the risk is,and the final result is displayed on the risk matrix map in a coordinate manner.Use color to reflect the size of the risk.Finally,this article proposes risk response methods for each of the seven risks and provides advice and suggestions for the company.The risk matrix method has the characteristics of quantifying risks,standardizing operating procedures,and intuitively reflecting the size of risks.It can solve problems such as weak awareness of employee risk management and slow feedback mechanisms at the current stage of risk management of company A;disadvantages are vulnerable to the subjective judgment of experts.In the future,errors can be reduced by increasing the number of experts and eliminating risks.After research,the risk matrix can be applied to import and export companies of military necessities,and on this basis,it will provide new ideas for the application of risk matrix in other military import and export companies.