1 2 4 7 11 Minimal Possible but Almost Never Possible Highly Probable Almost Certain Unlikely Likelihood Escalation of Risk 9 below provides an example of risk escalation and reporting table. It defines who must be informed and has authority to accept risk based on its magnitude. Table 9 Risk Escalation and Reporting – Risk Escalation and Reporting levels for each level of risk Zone 4 Chief Executive Zone 3 Senior Leadership Team Zone 2 Business Owner Zone 1 Service Manager or Project Manager
Minimal 1 2 4 7 11 Almost Never Possible but Unlikely Possible Highly Probable Almost Certain Likelihood Escalation of Risk 9 below provides an example of risk escalation and reporting table. It defines who must be informed and has authority to accept risk based on its magnitude. Table 9 – Risk Escalation and Reporting Risk Escalation and Reporting levels for each level of risk Zone 4 Chief Executive Zone 3 Senior Leadership Team Zone 2 Business Owner Zone 1 Service Manager or Project Manager