There are numerous approaches to Evaluate and Select RM Actions. A simple way to structure and summarize discussions between stakeholders consists of developing an overview table for evaluating the best of a range of actions.
One such approach – an Option Assessment Matrix – using pre-defined criteria. As such, it can be used as a means of comparing RM actions listed as options, and/or prioritizing them through discussions within the group of stakeholders.
You can evaluate risk management options using the Option Assessment Matrix through the Risk Management Options Evaluation Tool.