What does a risk matrix help organizations to do?

A risk matrix is a valuable tool for organizations as it allows them to visualize risks and prioritize them based on their potential impact and likelihood of occurrence. This systematic approach to risk assessment helps decision-makers to identify which risks require immediate attention and resources. By plotting risks on a matrix, organizations can easily see the most critical threats to their operations, enabling them to focus on mitigating high-risk scenarios that could lead to significant negative consequences.

In contrast, simply celebrating achievements or ignoring past incidents does not contribute to an organization's understanding or management of risks. Similarly, minimizing corporate growth is not an objective of risk management; rather, effective risk assessment and prioritization can support sustainable growth by ensuring that potential threats are managed proactively. Therefore, option B stands out as the most accurate description of what a risk matrix helps organizations achieve.