Creating a risk matrix involves several steps: 1. Identify Risks: List all potential risks, such as medication errors, patient falls, and infection control issues. 2. Evaluate Likelihood: Determine the probability of each risk occurring. 3. Assess Impact: Evaluate the potential consequences of each risk. 4. Assign Scores: Use a numerical scale to score the likelihood and impact. 5. Plot on Matrix: Place the risks on a grid with likelihood on one axis and impact on the other.