Erik is looking for a tool that can be used to present the information from his organization's risk register in a way that is easy for management to understand and rank based on the level of risk involved. Which common tool is typically used for this purpose?

Risk heat maps or risk matrices are useful tools that enable organizations to quickly assess risks and compare them based on their likelihood and impact or other rating factors. Qualitative and quantitative risk assessments are assessment methods and not typically used for presenting risk information in an easily understandable format. In contrast, risk plots are not a widely used term in the field.