Plain English Meaning
A small grid that helps a pilot judge how risky something is by asking two questions: how likely is it to happen, and how bad would it be if it did? Where those two answers meet on the grid tells you how serious the risk is.
Full Definition
A simple chart used to rate the level of risk associated with a hazard by combining two factors: the likelihood that an event will occur and the severity of its consequences. The intersection of these two factors on the chart produces a risk level, typically labeled low, medium, serious, or high.
Context Anchor
Used during preflight planning, flight instruction, and flight when identifying and deciding whether a flight or should as planned.