Likely - The event will Major - Extensive injuries, major financial loss probably occur in most circumstances Almost Certain - The Catastrophic - Death, huge financial loss event is expected to occur in most circumstances Appendix 3 Risk Analysis - level of risk – Likelihood Consequences Insignificant Minor Moderate Major Catastrophic (minor (some (significant (operations (business problem disruption time/resources severely survival is at easily possible) required) damaged) risk) handled by normal day to day processes) Almost High Risk High Risk Extreme Risk Extreme Risk Extreme Risk Certain (e.g. >90% chance) Likely (e.g. Moderate High Risk High Risk Extreme Risk Extreme Risk Risk Low Risk Moderate High Risk Extreme Risk Extreme Risk Moderate (e.g. 10%-50% Risk chance) Unlikely (e.g. Low Risk Low Risk Moderate Risk High Risk Extreme Risk between chance) Rare (e.g. <3% Low Risk Low Risk Moderate Risk High Risk High Risk chance)
Likely - The event will probably occur in most circumstances Major - Extensive injuries, major financial loss Almost Certain - The event is expected to occur in most circumstances Catastrophic - Death, huge financial loss Appendix 3 – Risk Analysis - level of risk Likelihood Consequences Insignificant (minor problem easily handled by normal day to day processes) Minor (some disruption possible) Moderate (significant time/resources required) Major (operations severely damaged) Catastrophic (business survival is at risk) Almost Certain (e.g. >90% chance) High Risk High Risk Extreme Risk Extreme Risk Extreme Risk Likely (e.g. Moderate Risk High Risk High Risk Extreme Risk Extreme Risk Moderate (e.g. 10%-50% chance) Low Risk Moderate Risk High Risk Extreme Risk Extreme Risk Unlikely (e.g. between chance) Low Risk Low Risk Moderate Risk High Risk Extreme Risk Rare (e.g. <3% chance) Low Risk Low Risk Moderate Risk High Risk High Risk
Risk-Management-Policy-Template-FILED.docx