Winterling Crisis Matrix - Explained
What is the Winterling Crisis Matrix?
Written by Jason Gordon
Updated at April 8th, 2022
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
What is the Winterling Crisis Matrix?
The Interlink Crisis Matrix, or simply crisis matrix, designed by Klaus Winterling, is an analytical tool that categorizes risk along two parameters:
- Probability of Occurrence - The matrix identifies three levels of probability - low, medium, and high.
- Effects of the Risk - This concerns the impact if the uncertain event were to occur. The matrix defines three levels of effect - negative, threatening, and destructive.
The amount of attention and effort that should be invested in managing the potential occurrence rises as the probability of occurrence rises. Also, occurrences with a greater effect should be given more attention at lower probabilities of occurrence.
Back to: BUSINESS MANAGEMENT
