Example of a Risk Matrix in action ~ Property Loss at a Workplace

Close to Liquid Assets

Examples: Coins, mobile phones, credit cards
These should never be left at a workplace and would fall in the 'Extremely Likely' category

Equipment and Inventory

Examples: Tools, stocks, etc ...
These probably need to be left at a workplace with appropriate security measures - and would fall in the 'Low to Medium' likelihood category
At least covered up out of view, inside a locked area etc ...