A Risk Assessment Matrix is a strategic tool utilized in pharmaceutical manufacturing to evaluate, categorize, and prioritize risks according to their probability and potential impact on processes, products, and systems. By classifying risks into various levels of severity or urgency, this visual tool aids organizations in efficiently allocating resources, implementing appropriate controls, and making well-informed decisions. The matrix serves as a foundation for effective risk management, enabling manufacturers to address risks proactively and ensure the attainment of business objectives, compliance with regulatory requirements, and protection of stakeholder interests.
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