- Moderate short term - Serious medium term - Serious long term impairment Environmental - Minor and - Very serious long term effects on project environmental impacts. of the environment and reversible effect on impairment of the environment environment. surrounding ecosystem physical and surrounding ecosystem - No impacts on functions. environment functions. ecosystem services - Minor non-compliance - Serious breach of - Major breach of funding Legal - Breach incurring significant with funding agreement regulation involving agreement or relevant prosecution, with potential for and breaches of investigation by or legislation/regulations. significant fines. regulation. reporting to authority with - Breach of Applicant prosecution powers protocols. - Potential for moderate fine - Breach of funding agreements and conditions. Likelihood of risks Applicants should consider the likelihood of a risk arising Table 4 below. 4 : Likelihood of risks Category Example of Qualitative Measures Almost Certain The event is expected to occur in most circumstances Likely The event will probably occur in most circumstances Possible The might occur at some time Unlikely The is not expected to occur in most circumstances Rare The will only occur in exceptional circumstances
Environmental - Minor and reversible effect on physical environment - Moderate short term effects on project environment. - No impacts on ecosystem services - Serious medium term environmental impacts. - Serious long term impairment of the environment and surrounding ecosystem functions. - Very serious long term impairment of the environment and surrounding ecosystem functions. Legal - Minor non-compliance with funding agreement and breaches of regulation. - Breach of Applicant protocols. - Serious breach of regulation involving investigation by or reporting to authority with prosecution powers - Potential for moderate fine - Breach of funding agreements and conditions. - Major breach of funding agreement or relevant legislation/regulations. - Breach incurring significant prosecution, with potential for significant fines. Likelihood of risks Applicants should consider the likelihood of a risk arising Table 4 below. 4 : Likelihood of risks Category Example of Qualitative Measures Almost Certain The event is expected to occur in most circumstances Likely The event will probably occur in most circumstances Possible The might occur at some time Unlikely The is not expected to occur in most circumstances Rare The will only occur in exceptional circumstances
risk-management-plan-template-rd4.docx