DFAT Aid Investments Risk Rating Matrix Consequences Likelihood Limited Minor Moderate Major Severe Almost Certain Medium Medium High Very High Very High Likely Medium Medium High High Very High Possible Low Medium Medium High High Unlikely Low Low Medium Medium High Rare Low Low Low Medium Medium Likelihood Description Expected to occur in most circumstances Almost Certain Has occurred on an annual basis in DFAT or in similar agencies/organisations in the past Circumstances are in train that will cause it to happen Will probably occur in most circumstances Has occurred in the last few years in DFAT or has occurred recently in similar Likely agencies/organisations Circumstances have occurred that will cause it to happen in the next few years Might occur at some time Possible Has occurred at least once in the history DFAT or in similar agencies/organisations Not expected to occur Unlikely Has never occurred in DFAT but has occurred infrequently in similar agencies/organisations May occur only in exceptional circumstances Rare Has not occurred to date in DFAT or any other similar agency/organisation Consequence Description Result in consequences that can be dealt with by routine operations Limited Minor delays in providing services or achieving objectives Threaten the efficiency of effectiveness of some aspect of the program/activity/intervention/business unit but can be dealt with internally Have minor political/community sensitivity Minor Minor dissatisfaction of clients/beneficiaries, partners or other key stakeholders Program/project/business unit suffers minor adverse financial impact Minor breach of public sector accountability requirements Minor damage to property or one minor injury
DFAT Aid Investments Risk Rating Matrix Likelihood Consequences Limited Minor Moderate Major Severe Almost Certain Medium Medium High Very High Very High Likely Medium Medium High High Very High Possible Low Medium Medium High High Unlikely Low Low Medium Medium High Rare Low Low Low Medium Medium Likelihood Description Almost Certain Expected to occur in most circumstances Has occurred on an annual basis in DFAT or in similar agencies/organisations in the past Circumstances are in train that will cause it to happen Likely Will probably occur in most circumstances Has occurred in the last few years in DFAT or has occurred recently in similar agencies/organisations Circumstances have occurred that will cause it to happen in the next few years Possible Might occur at some time Has occurred at least once in the history DFAT or in similar agencies/organisations Unlikely Not expected to occur Has never occurred in DFAT but has occurred infrequently in similar agencies/organisations Rare May occur only in exceptional circumstances Has not occurred to date in DFAT or any other similar agency/organisation Consequence Description Limited Result in consequences that can be dealt with by routine operations Minor Minor delays in providing services or achieving objectives Threaten the efficiency of effectiveness of some aspect of the program/activity/intervention/business unit but can be dealt with internally Have minor political/community sensitivity Minor dissatisfaction of clients/beneficiaries, partners or other key stakeholders Program/project/business unit suffers minor adverse financial impact Minor breach of public sector accountability requirements Minor damage to property or one minor injury