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Risk Matrix

The document presents a Risk Assessment Matrix that categorizes risks based on their likelihood and severity, with a scoring system from 1 to 12. It defines four likelihood categories (Unlikely, Possible, Likely, Certain) and three severity levels (Low, Medium, High), outlining the potential impacts and necessary management actions for each risk level. The matrix serves as a tool for assessing and mitigating risks in a structured manner.

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systemcoordinator.sc
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30 views1 page

Risk Matrix

The document presents a Risk Assessment Matrix that categorizes risks based on their likelihood and severity, with a scoring system from 1 to 12. It defines four likelihood categories (Unlikely, Possible, Likely, Certain) and three severity levels (Low, Medium, High), outlining the potential impacts and necessary management actions for each risk level. The matrix serves as a tool for assessing and mitigating risks in a structured manner.

Uploaded by

systemcoordinator.sc
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Risk Assessment Matrix

DOC/SC/01, Rev.00

Severity

Low Medium High

1 2 3

1 2 3
Unlikely 1
Low Low Medium

Possible 2 4 6
Likelihood

2
(Rarely) Low Medium Medium

Likely 3 6 9
3
(Frequent) Medium Medium High

4 8 12
Certain 4
Medium High High

Likelihood
Unlikely Very unlikely to occur - less than 5% chance of occurrence in any one year

Possible (Rarely) Likely to occur in the medium term - 10-25% chance of occurrence in any one year

Likely (Frequent) Likely to occur in the shorter term - 25-50% chance of occurrence in any one year

Certain Almost certain to occur, could happen now - 50-100% chance of occurrence in any one year

Severity / Consequence

Short Term Effect, No line stoppage, Less Business Loss, No Effect on Customer Satisfaction
Low
No Impact on Environment, No Legal Non Complaince, No Impact on Operator Safety

Long Term Effect, Inhouse Line Stoppage, Moderate Business Loss, Potential for Customer Complaint
Medium
Short Term Impact on Environment, No Legal Non Complaince, Can Effect on Operator Safety

Long Term Effect, Customer Line Stoppage, High Business Loss, Customer Dissatisfaction (May Loose
High Customer) Long Term Impact on Environment, Legal Non Complaince, Injury and ill Health of Employees, Can
Create Emergency

Risk Mitigation Criteria


1-2 Note and monitor risk. Management action possibly not required.

3-4-6 Management action required. Monitor risk

8-9-12 Significant and urgent management action required and regular reporting

Note : If Risk mitigation sufficient for the identified risk, management action is not required.

PREPARED BY : APPROVED BY :

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