Business Continuity Management Plan Page 28
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33Appendix F
IDENTIFYING, EVALUATING AND MANAGING RISKS
GUIDANCE FOR COMPLETING THE RISK MATRIX:
To establish your risk rating, it is necessary to multiply the perceived
LEGEND
consequence (or impact) of the risk (score 1 - 5) with the perceived likelihood (or
I
Impact
probability) of that risk occurring (score 1-5). Please see tables below for
P
Probability
guidance on risk rating scores.
I x P
Risk Rating
Impact (or Consequence)
Probability (or Likelihood)
Description
Indicators
Description
Indicators
5
5
The risk will emerge
The risk has a major impact if realised
(Major)
(Very Likely)
4
The risk has a significant impact if
4
The risk should emerge
realised
(Significant)
(Likely)
3
The risk has a moderate impact if
3
The risk could emerge
realised
(Moderate)
(Unlikely)
2
2
The risk has a minor impact if realised
The risk is unlikely to emerge
(Minor)
(Very Unlikely)
1
The risk has no consequence impact if
1
The risk will not emerge
realised
(No consequence)
(Impossible)
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