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n the first step both MATCH functions are solved. The first MATCH looks for “certain” (value in D11) in range D3:H3. It finds at 5th location and returns 5. Similarly, the second MATCH looks for the text “Medium” in range C4:C8. It finds it at 3rd position and returns. Finally, the INDEX function looks in the 5th column and 3rd row of array D4:H8 and returns 1500.

So yeah guys, this was a quick example of the Risk Matrix calculation in Excel. I hope it was explanatory enough and served your purpose of being here. If you have any questions regarding this article or anything else about Excel/VBA, let us know in the comments section below.

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