formula for cell with multiple possible outcomes depending on 2 values in seperate columns

Hi I am trying to create a worksheet where folks can document a risk assessment. They rate their risks by providing a numerical score for inherent risk that can range from 1 to 25 (in column N) and they can provide a numerical score control effectiveness that can range from 1 to 5 (in column O). Now what I would love to realize is that Column P called risk bucket will show 4 possible outcomes based on the values that were put in the other two columns. I have placed these outcomes on a separate tab in the worksheet and they look like this,
bucket sip.JPG

The outcome is based on the following heatmap
heat map.JPG

so for example a line with inherent risk value 12 and control effectiveness 4 would have to show MONITOR in column P.

Is this somehow possible with a formula? I could not find it

Another thing I want to do after this is done is actually plot these risk on the actual heatmap above in a separate tab in the excel but maybe I should open a new question for that ;-)

thanks for your help!

please note this question was also posted in another forum here
http://stackoverflow.com/questions/4...on-2-values-in

Hello,

consider the following screenshot:

2017-01-23_15-11-41.gif

The formula in cell F4 is

=INDEX($B$2:$C$3,MATCH($F$2,$A$2:$A$3,1),MATCH($F$3,$B$1:$C$1,1))

change the thresholds in row 1 and column A as desired.

You can assign each risk a vertical and a horizontal value and put this in a simple table. Then plot an XY Scatter chart, format it with a picture background of your matrix.

cheers, teylyn

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