Attachment 1 Risk Consequence Criteria – City of Stonnington - RISK CONSEQUENCE CRITERIA CONSEQUENCE CONSEQUENCE Business Description Safety Financial Environmental Outrage & Media Regulatory RATING Continuity Up to $10k Business • • Issue raised by Activity does not • • No Treatment financial loss No detrimental disruption, but • Effect is minimal residents and/or follow established INSIGNIFICANT • Applied (.007% of environmental effect no loss of local press industry standards Budget) service delivery Event requiring >$10 k - $50k Resident and/or • • • First-Aid Environmental • • moderate levels financial loss media Activity does not service • • Treatment discharge controlled, MINOR of resources and (.037% of concern/local follow "Best Practice" loss Only and of a minor nature input Budget) media coverage Localised • Medical Activity does not • >$50 k - $500k environmental impact, Embarrassment • • treatment, Significant meet all of the Productivity • • financial loss causing community for Council, Ambulance, or with long reaching requirements of the loss for up to 5 MODERATE admission to (.37% of annoyance, and including adverse effect relevant Australian days hospital of less Budget) requiring remedial coverage Standards than 2 days action Hospitalisation >$500 k - $5 m Long-term Reputation of Activity does not • • • • Critical service of more than 2 • financial loss detrimental Council severely meet all of the Critical event loss for up to 1 MAJOR days, or long • (3.75% of environmental or affected in the requirements of term injury or month Budget) social impact long-term. relevant legislation disability Disaster with Activity does not • • >$5 m financial Long-term • • potential to lead Single or Government meet any of the Loss of service • • • loss environmental or to collapse or to multiple intervention requirements of for a critical CATASTROPHIC (>3.75% of social impact on have a profound fatalities required relevant legislation period of time Budget) community effect and Regulations Consider the consequence for each category i.e.; Safety, Financial, Environmental, outrage and Media, Regulatory and Business Continuity. Determine the CONSEQUENCE RATING on overriding definition i.e.; (or highest) category. “worst”
Attachment 1 – Risk Consequence Criteria City of Stonnington - RISK CONSEQUENCE CRITERIA CONSEQUENCE CONSEQUENCE RATING Description Safety Financial Environmental Outrage & Media Regulatory Business Continuity INSIGNIFICANT • Effect is minimal No Treatment Applied • Up to $10k financial loss (.007% of Budget) • No detrimental environmental effect • Issue raised by residents and/or local press • Activity does not follow established industry standards • Business disruption, but no loss of service delivery MINOR • Event requiring moderate levels of resources and input • First-Aid Treatment Only • >$10 k - $50k financial loss (.037% of Budget) • Environmental discharge controlled, and of a minor nature • Resident and/or media concern/local media coverage • Activity does not follow "Best Practice" • service loss MODERATE • Significant with long reaching effect Medical treatment, Ambulance, or admission to hospital of less than 2 days • >$50 k - $500k financial loss (.37% of Budget) • Localised environmental impact, causing community annoyance, and requiring remedial action • Embarrassment for Council, including adverse coverage • Activity does not meet all of the requirements of the relevant Australian Standards • Productivity loss for up to 5 days MAJOR • Critical event Hospitalisation of more than 2 days, or long term injury or disability • >$500 k - $5 m financial loss (3.75% of Budget) • Long-term detrimental environmental or social impact • Reputation of Council severely affected in the long-term. • Activity does not meet all of the requirements of relevant legislation • Critical service loss for up to 1 month CATASTROPHIC • Disaster with potential to lead to collapse or to have a profound effect • Single or multiple fatalities • >$5 m financial loss (>3.75% of Budget) • Long-term environmental or social impact on community • Government intervention required • Activity does not meet any of the requirements of relevant legislation and Regulations • Loss of service for a critical period of time Consider the consequence for each category i.e.; Safety, Financial, Environmental, outrage and Media, Regulatory and Business Continuity. Determine the CONSEQUENCE RATING on overriding definition i.e.; “worst” (or highest) category.
risk-management-policy-2013-2015-review.docx