Generic Risk Assessment Record Page 2
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2Risk Assessment Matrix
This matrix and risk score system helps determine priority for corrective action.
1. Consider what can go wrong
2. Determine how bad the outcome would be - Consequences
3. Determine how likely it is to happen - Likelihood
4.
Calculate the risk level
CONSEQUENCES
Catastrophic
Major
Moderate
Minor
Insignificant
LIKELIHOOD
5
4
3
2
1
Almost certain
10
9
8
7
6
5
Likely
9
8
7
6
5
4
Possible
8
7
6
5
4
3
Unlikely
7
6
5
4
3
2
Rare
6
5
4
3
2
1
CONSEQUENCES:
How severely could it hurt someone/cause damage?
Catastrophic
death or large number of serious injuries, environmental disaster,
huge cost
Major
serious injury, extensive injuries, severe environmental damage, major cost
Moderate
medical treatment required, contained environmental impact, high cost
Minor
first aid treatment required, some environmental and/or financial impact
Insignificant
No injuries, low financial/environmental impact
LIKELIHOOD: How likely is it to happen?
Almost Certain
expected to occur in most circumstances
Likely
will probably occur in most circumstances
Possible
might possibly occur at some time
Unlikely
could occur at some time
Rare
may occur only in exceptional circumstances
What should I do?
Risk Score
9-10
Extreme
Immediate action required
Action plan required, senior management attention
7-8
High
needed
Specific monitoring or procedures required,
5-6
Moderate
management responsibility must be specified
2-4
Low
Manage through routine procedures
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