RISK ASSESSMENT MATRIX Table 3: LEVEL OF RISK RATING The risk assessment matrix determines a rating”, based on the likelihood and consequence of “risk risk. CONSEQUENCE LIKELIHOOD 1 2 3 4 5 A (Almost Medium Medium High Extreme Extremem certain) B ( Likely) Medium Medium High High Extremem C ( Possible) Low Medium Medium High High D (Unlikely) Low Low Medium High High E (Rare) Low Low Medium High High Risk assessment tables enable event organisers to allocate risk ratings to all hazards so they can prioritise and address them in a systematic way. Examples are shown Table 4: TOLERATION OF RISK Risk should not be justified Intolerable Extreme Risk cannot be Generally justified save in Intolerable High extraordinary Region circumstances Basic Safety Drive risks Limit- towards the As low as broadly reasonably acceptable region Practicable or Medium Residual risk tolerable tolerable only if region further risk reduction impracticable -Basic Safety Objective- Broadly Risk reduction Acceptable not likely to be Region required as Low resources are likely to be disproportionate to reduction achieved
RISK ASSESSMENT MATRIX Table 3: LEVEL OF RISK RATING The risk assessment matrix determines a “risk rating”, based on the likelihood and consequence of risk. CONSEQUENCE LIKELIHOOD 1 2 3 4 5 A (Almost certain) Medium Medium High Extreme Extremem B ( Likely) Medium Medium High High Extremem C ( Possible) Low Medium Medium High High D (Unlikely) Low Low Medium High High E (Rare) Low Low Medium High High Risk assessment tables enable event organisers to allocate risk ratings to all hazards so they can prioritise and address them in a systematic way. Examples are shown Table 4: TOLERATION OF RISK Intolerable Extreme Risk should not be justified Generally Intolerable Region High Risk cannot be justified save in extraordinary circumstances Basic Safety Limit- As low as reasonably Practicable or tolerable region Medium Drive risks towards the broadly acceptable region Residual risk tolerable only if further risk reduction impracticable -Basic Safety Objective- Broadly Acceptable Region Low Risk reduction not likely to be required as resources are likely to be disproportionate to reduction achieved
risk_assessment_general_guidelines_table.docx