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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:
- Rare: an event that is almost never observed - may occur only in exceptional circumstances.
- Unlikely: an event that has occurred infrequently or occasionally.
- Likely: an event that has occurred before and is likely to occur again.
- Almost certain: an event that occurs regularly.
The scoring for evaluating the impact of each risk event, should it occur:
- Low: an event, the impact of which can be absorbed through normal activity.
- Moderate: an event, the consequences of which can be absorbed but management effort is required to minimize the impact.
- 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.
- Very high: a major event that will require the organization to make a large scale, long-term realignment of its operations, objectives or finances.
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