SEVERITY OF OUTCOME 4 VERY – 1 - MINIMAL 2 - 3 - SERIOUS 5 - MAJOR SERIOUS 1 2 3 4 5 1 - UNLIKELY OF 2 4 6 8 10 2 - POSSIBLE 3 6 9 12 15 3 - LIKELY 4 8 12 16 20 4 HIGHLY LIKELY – OCCURRENCE 5 10 15 20 25 5 - CERTAIN LIKELIHOOD Residual Risk Evaluation RISK RATING EVALUATION ACTION PLAN 1 - 5 LOW RISK Appropriate control measures are in place with little risk of an incident occurring. Activities should be monitored to ensure control measures remain appropriate. 6 - 12 MEDIUM RISK Activities may be undertaken but closely monitored. Additional control measures should be considered and implemented whenever possible. Additional control measures must be implemented and the activity reassessed. If it is not 12 - 16 HIGH RISK possible to implement additional controls the activity should not be undertaken.
SEVERITY OF OUTCOME 1 - MINIMAL 2 - 3 - SERIOUS 4 – VERY SERIOUS 5 - MAJOR LIKELIHOOD OF OCCURRENCE 1 - UNLIKELY 1 2 3 4 5 2 - POSSIBLE 2 4 6 8 10 3 - LIKELY 3 6 9 12 15 4 – HIGHLY LIKELY 4 8 12 16 20 5 - CERTAIN 5 10 15 20 25 Residual Risk Evaluation RISK RATING EVALUATION ACTION PLAN 1 - 5 LOW RISK Appropriate control measures are in place with little risk of an incident occurring. Activities should be monitored to ensure control measures remain appropriate. 6 - 12 MEDIUM RISK Activities may be undertaken but closely monitored. Additional control measures should be considered and implemented whenever possible. 12 - 16 HIGH RISK Additional control measures must be implemented and the activity reassessed. If it is not possible to implement additional controls the activity should not be undertaken.
Risk%20Assessment%20Final%20SpAS2018.docx