Appendix 5 RISK ASSESSMENT MATRIX Risk Priority Key: Red High Risk Amber Medium Risk Green Low Risk – – – Consequence Likelihood 1 2 3 4 5 Insignificant Minor Moderate Major Catastrophic 1Gree 2 3 4 5 1 - Rare 2 4 6 8 10 2 - Unlikely 3 6 9 12 15 3 - Possible 4 8 12 16 20 4 - Likely 5 - Almost 5 10 15 20 25 Certain Risk Matrix Likelihood – Likelihood rating Description 5 Certain this type of event will happen frequently 4 Highly Likely this type of event will happen, but it’s not a persistent concern 3 Likely this type of event may well happen (e.g. 50/50 chance) 2 Unlikely unlikely that this type of event will happen 1 Rare cannot believe that an event of this type will occur in the foreseeable future
Appendix 5 RISK ASSESSMENT MATRIX Risk Priority Likelihood Consequence 1 Insignificant 2 Minor 3 Moderate 4 Major 5 Catastrophic 1 - Rare 1Gree 2 3 4 5 2 - Unlikely 2 4 6 8 10 3 - Possible 3 6 9 12 15 4 - Likely 4 8 12 16 20 5 - Almost Certain 5 10 15 20 25 Key: Red – High Risk Amber – Medium Risk Green – Low Risk Risk Matrix – Likelihood Likelihood rating Description 5 Certain this type of event will happen frequently 4 Highly Likely this type of event will happen, but it’s not a persistent concern 3 Likely this type of event may well happen (e.g. 50/50 chance) 2 Unlikely unlikely that this type of event will happen 1 Rare cannot believe that an event of this type will occur in the foreseeable future
hs005-incident-reporting-appendix-5-risk-assessment-matrix-jan18.docx