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Preview • Diagram library • October 2026

Risk Management 'Theatre': The Risk Matrix as a Theatrical Instrument of Influence

How to appear busy while concealing ‘risk’ from management, boards and stakeholders.

Tony Ridley, MSc, CSyP, FSyI, SRMCP. First published on LinkedIn, 26 December 2022.

"Risk" visualisation, risk communication and related rituals of verification, prioritisation and threat, hazards, danger, adversary and peril ratings have become an ever increasing elaborate form of story telling, cultural practice, delusion and even deception.

Risk Management 'Theatre': A Matrix. A five by five risk matrix with most risks clustered in the low and medium cells, equated to a bar chart whose middle bars run into a circle labelled the risk village, where risk goes to hide. — Risk Management ‘Theatre’: A Matrix. Original framework, Tony Ridley.

Humans love symmetry, and routinely seek to 'balance' a risk matrix so it appears there is certainty, control, management and ultimately assurance [...]. This results in clustering around the middle, falsely implying that risk(s) are subject to central tendencies or an unnatural mean, median or average. They don't! Life is skewed.

[It tends] to create a 'comfort village of risks' that aren't too high or too low [...]. Therefore, most of your risks cluster around the centre, implying they are within 1 standard deviation of your group average.

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