Plz use CORPORATE RISK MANAGEMENT knowledge to answer the questions.plz answer the question b emphatically.

Q3) Explain a) the rationale and procedure(s) for constructing a RISK MATRIX for an organisation. AND b) How the information contained within a risk matrix about the likelihood (high or low) and potential severity (high or low) of potential losses can be used towards deciding on appropriate risk management techniques for dealing with pure risks