RISK ASSESSMENT Likelihood Table 1: Likelihood Ratings Likelihood Category Description Almost Certain A The event is expected to occur in most circumstances Likely B The will probably occur in most circumstances Possible C The event should occur at some time Unlikely D The event could occur at some time Rare E The event may occur only in exceptional circumstances Consequence Table 2: Risk Consequence Descriptors Public Business Environmental Financial & Interruption Reputation Essential service National and failure, or key Death(s) / International Catastrophic 5 revenue Irreversible damage $5,000,000 many critical Concern / generating injuries exposure service removed Single Service or Death/ wide provider Harm requiring multiple Major 4 Up to $5,000,000 Concern / to be restorative work long term or exposure replaced critical injuries
RISK ASSESSMENT Likelihood Table 1: Likelihood Ratings Likelihood Category Description Almost Certain A The event is expected to occur in most circumstances Likely B The will probably occur in most circumstances Possible C The event should occur at some time Unlikely D The event could occur at some time Rare E The event may occur only in exceptional circumstances Consequence Table 2: Risk Consequence Descriptors Business Interruption Environmental Financial Public & Reputation Catastrophic 5 Essential service failure, or key revenue generating service removed Irreversible damage $5,000,000 Death(s) / many critical injuries National and International Concern / exposure Major 4 Service or provider to be replaced Harm requiring restorative work Up to $5,000,000 Single Death/ multiple long term or critical injuries wide Concern / exposure
Risk%20Assessment%20-%20Example.docx