A Criticality Matrix is a tool used in risk management, project management, and decision-making processes to evaluate and prioritize various elements based on their importance and impact. It helps organizations identify critical components or risks that require immediate attention or resources. ### Key Features of a Criticality Matrix: 1. **Axes**: Typically, the matrix has two axes: - **Importance (or Severity)**: This axis measures how critical a factor is to the success of a project or the overall operation.
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