Risk Assessment Descriptors: Use the descriptors below to assess the LIKLIHOOD of a risk occurring 5 4 3 2 1 Descriptor Probable Possible Unlikely Rare Negligible Reasonable Will only occur Will only in Most likely to Unlikely to chance of in rare exceptional occur than not occur occurring circumstances circumstances Greater than Between 50% Between 5% Between 0.5% Between 0.05% Likelihood of 50% chance and 5% and 0.5% and 0.05% and 0.005% Occurrence Greater than 1 1 in 2000 1 in 20,000 1 in 20 change 1 in 200 chance in 2 chance chance chance Risk Impact: Use the descriptors below to assess the IMPACT severity if a risk occurs Score 5 4 3 2 1 Descriptor Catastrophic Major Moderate Minor Insignificant Sustained loss of Some disruption term Interruption in a service which in service with disruption to service Permanent loss has serious unacceptable service with does not Severity of Impact of core service impact on impact on minor impact impact on the or facility delivery to delivery to on delivery to delivery to customers customers customers customers Example: LIKELIHOOD IMPACT OVERALL INCLUDE? = 5 4 20 Y X Risk Item #1 = X Risk Item #2 = X Risk Item #3 = X Risk Item #4 = X
Risk Assessment Descriptors: Use the descriptors below to assess the LIKLIHOOD of a risk occurring 5 4 3 2 1 Descriptor Probable Possible Unlikely Rare Negligible Likelihood of Occurrence Most likely to occur than not Reasonable chance of occurring Unlikely to occur Will only occur in rare circumstances Will only in exceptional circumstances Greater than 50% chance Between 50% and 5% Between 5% and 0.5% Between 0.5% and 0.05% Between 0.05% and 0.005% Greater than 1 in 2 chance 1 in 20 change 1 in 200 chance 1 in 2000 chance 1 in 20,000 chance Risk Impact: Use the descriptors below to assess the IMPACT severity if a risk occurs Score 5 4 3 2 1 Descriptor Catastrophic Major Moderate Minor Insignificant Severity of Impact Permanent loss of core service or facility Sustained loss of service which has serious impact on delivery to customers Some disruption in service with unacceptable impact on delivery to customers term disruption to service with minor impact on delivery to customers Interruption in a service does not impact on the delivery to customers Example: LIKELIHOOD IMPACT OVERALL INCLUDE? 5 X 4 = 20 Y Risk Item #1 X = Risk Item #2 X = Risk Item #3 X = Risk Item #4 X =
Intellinet-Business-Imapct-Analysis-Worksheet.docx