Appendix 6: Risk Profile Rating Scale

The scoring for evaluating the likelihood of the risk that was used by the Risk Assessment Working Group is as follows:

1. Rare: an event that is almost never observed - may occur only in exceptional circumstances.
2. Unlikely: an event that has occurred infrequently or occasionally.
3. Likely: an event that has occurred before and is likely to occur again.
4. Almost certain: an event that occurs regularly.

The scoring for evaluating the impact of each risk event, should it occur:

1. Low: an event, the impact of which can be absorbed through normal activity.
2. Moderate: an event, the consequences of which can be absorbed but management effort is required to minimize the impact.
3. High: a critical or significant event that can be endured or managed by the organization but will result in post-event review and changes in operations.
4. Very high: a major event that will require the organization to make a large scale, long-term realignment of its operations, objectives or finances.