1 3 Acceptable with adequate Coordinator oversight. Coordinators – controls Actions plans are not necessary. LOW can be accepted by the relevant Program Manager. 4 5 Monitor regularly Program Managers oversight. Program Managers – MODERATE Action plan is necessary. Acceptable with adequate Risk can be accepted by the relevant controls Divisional Manager. 6 9 Management control required Divisional Manager oversight Divisional Managers – DM to define action to reduce the risk. HIGH Only acceptable with excellent Risk can be accepted by the controls Leadership Group. 10 14 Urgent management attention Leadership oversight. Leadership Group – LG to define action plan to reduce the VERY HIGH Only acceptable with excellent risk. controls Risk can only be accepted by the Risk Management Committee. 15 25 Unacceptable and must be Serious of risk that requires Board CEO – EXTREME addressed immediately oversight. Relevant Executive to define a plan immediately to mitigate the risk to an acceptable level. Risk can only be accepted by the Board. Qualitative Measures of Consequence or Impact
1 – 3 LOW Acceptable with adequate controls Coordinator oversight. Actions plans are not necessary. can be accepted by the relevant Program Manager. Coordinators 4 – 5 MODERATE Monitor regularly Acceptable with adequate controls Program Managers oversight. Action plan is necessary. Risk can be accepted by the relevant Divisional Manager. Program Managers 6 – 9 HIGH Management control required Only acceptable with excellent controls Divisional Manager oversight DM to define action to reduce the risk. Risk can be accepted by the Leadership Group. Divisional Managers 10 – 14 VERY HIGH Urgent management attention Only acceptable with excellent controls Leadership oversight. LG to define action plan to reduce the risk. Risk can only be accepted by the Risk Management Committee. Leadership Group 15 – 25 EXTREME Unacceptable and must be addressed immediately Serious of risk that requires Board oversight. Relevant Executive to define a plan immediately to mitigate the risk to an acceptable level. Risk can only be accepted by the Board. CEO Qualitative Measures of Consequence or Impact
MGT510-Ass-1-Overview-of-Risk-2l7i6u6.docx