2: Determine the consequence rating for a risk scenario CONSEQUENCE / IMPACT Financial, Legal, Consequence Business Environmental and Commercial People Political, Reputation or Brand Level Continuity the Community Cash loss Extreme Above $20m Loss of life Critical service loss Long term and Major loss of reputation/loss of confidence by media/public for more than one severe harm International/national media coverage month Parliamentary enquiry/loss of Govt/Minister’s support Substantial part or Administrators appointed of University unable to operate $10m - $20m Permanent Critical service loss Significant harm Significant loss of reputation High impairment or for more than a week Loss of stakeholder support disability and up to one month Major complaints by stakeholders on program management Several areas of the Extended national/local media coverage university unable to Ministerial attention: matters reported in operate Parliament/Departmental oversight Significant public concern raised Medium $2.5 - $10m Temporary Critical service loss Moderate harm Student and or community concern impairment or for more than a day Significant complaints about programs disability causing and up to a week Inability to provide quality and consistent service significant loss of Several areas of the Adverse and sustained local media coverage time from university disrupted work/studies Decrease in support from Government or stakeholders Low $0 - $2.5m Minor injury or Local only, service Transient harm Issue raised by students and/or local press illness causing loss for up to a day Minor complaints about programs resolved locally limited loss of time Performance concerns resolved by Vice-Chancellor from work/studies
2: Determine the consequence rating for a risk scenario CONSEQUENCE / IMPACT Consequence Level Financial, Legal, Commercial Cash loss People Business Continuity Environmental and the Community Political, Reputation or Brand Extreme Above $20m Loss of life Critical service loss for more than one month Substantial part or of University unable to operate Long term and severe harm Major loss of reputation/loss of confidence by media/public International/national media coverage Parliamentary enquiry/loss of Govt/Minister’s support Administrators appointed High $10m - $20m Permanent impairment or disability Critical service loss for more than a week and up to one month Several areas of the university unable to operate Significant harm Significant loss of reputation Loss of stakeholder support Major complaints by stakeholders on program management Extended national/local media coverage Ministerial attention: matters reported in Parliament/Departmental oversight Significant public concern raised Medium $2.5 - $10m Temporary impairment or disability causing significant loss of time from work/studies Critical service loss for more than a day and up to a week Several areas of the university disrupted Moderate harm Student and or community concern Significant complaints about programs Inability to provide quality and consistent service Adverse and sustained local media coverage Decrease in support from Government or stakeholders Low $0 - $2.5m Minor injury or illness causing limited loss of time from work/studies Local only, service loss for up to a day Transient harm Issue raised by students and/or local press Minor complaints about programs resolved locally Performance concerns resolved by Vice-Chancellor
Risk-Management-Process_20180514.docx