Likelihood, Consequence & Risk Rating Use the following risk matrix to assess the likelihood and consequence of each identified risk and the resulting risk rating: Almost Certain Medium High High Extreme Extreme • Expected to occur in most circumstances • Occurs every 6 months or more frequently 11 16 20 23 25 • >90% chance of event occurring Likely Medium Medium High High Extreme • Will probably occur in most circumstances • Occurs every 6-12 months 7 12 17 21 24 • 75%-90% chance of event occurring Possible Low Medium Medium High Extreme • Could occur at some stage • Occurs every 12-24 months 4 8 13 18 22 • 50%-75% chance of event occurring Unlikely LIKELIHOOD Low Low Medium High High • Will occur in exceptional circumstances • Occurs every 24-48 months 2 5 9 14 19 • 10%-50% chance of event occurring Rare Low Low Medium Medium High • May occur in exceptional circumstances • Occurs every 4 or more years 1 3 6 10 15 • <10% chance of event occurring CONSEQUENCE: Negligible Minor Moderate Major Severe • Insignificant injury, no • First aid injury, • Off-site medical • Considerable • One or more fatalities, lost time, no long term minimal lost time, no attention required, some hospitalisation required, Unable to return to Health & Safety Consequences effects long term effects lost time, Reversible significant time lost, work, Significant disability or injuries Irreversible disability to irreversible disability to one person more than one person • Achievement of • Some harm to Activity • Causes serious harm • No significant impact • Minimal impact on the Activity objectives beneficiaries, to Activity beneficiaries, on the timing, cost or timing, cost or quality of compromised (individual; community, (individual; community, quality of outputs outputs • Costs escalate more organisation, or organisation, or country) • No significant adverse • Minimal adverse than 30% country) • Serious reputational impact on the impact on the • Significant • Achievement of damage to contributing environment or environment or implementation delays. Activity objectives partners. significantly stakeholder relations. stakeholder relations. Activity Consequences compromised • Reputational damage to contributing partners • Significant financial loss to contributing partners, organisations, communities, individuals.
Likelihood, Consequence & Risk Rating Use the following risk matrix to assess the likelihood and consequence of each identified risk and the resulting risk rating: LIKELIHOOD Almost Certain • Expected to occur in most circumstances • Occurs every 6 months or more frequently • >90% chance of event occurring Medium 11 High 16 High 20 Extreme 23 Extreme 25 Likely • Will probably occur in most circumstances • Occurs every 6-12 months • 75%-90% chance of event occurring Medium 7 Medium 12 High 17 High 21 Extreme 24 Possible • Could occur at some stage • Occurs every 12-24 months • 50%-75% chance of event occurring Low 4 Medium 8 Medium 13 High 18 Extreme 22 Unlikely • Will occur in exceptional circumstances • Occurs every 24-48 months • 10%-50% chance of event occurring Low 2 Low 5 Medium 9 High 14 High 19 Rare • May occur in exceptional circumstances • Occurs every 4 or more years • <10% chance of event occurring Low 1 Low 3 Medium 6 Medium 10 High 15 CONSEQUENCE: Negligible Minor Moderate Major Severe Health & Safety Consequences • Insignificant injury, no lost time, no long term effects • First aid injury, minimal lost time, no long term effects • Off-site medical attention required, some lost time, Reversible disability or injuries • Considerable hospitalisation required, significant time lost, Irreversible disability to one person • One or more fatalities, Unable to return to work, Significant irreversible disability to more than one person Activity Consequences • No significant impact on the timing, cost or quality of outputs • No significant adverse impact on the environment or stakeholder relations. • Minimal impact on the timing, cost or quality of outputs • Minimal adverse impact on the environment or stakeholder relations. • Achievement of Activity objectives compromised • Costs escalate more than 30% • Significant implementation delays. • Some harm to Activity beneficiaries, (individual; community, organisation, or country) • Achievement of Activity objectives significantly compromised • Reputational damage to contributing partners • Significant financial loss to contributing partners, organisations, communities, individuals. • Causes serious harm to Activity beneficiaries, (individual; community, organisation, or country) • Serious reputational damage to contributing partners.
PF-ADD-Template-Sept-2016.docx