Public Board of Directors papers 27.01.22

3=Moderate

►Moderate injury or illness requiring professional intervention

2=Minor

►Minor injury or illness – first aid treatment needed

1=Insignificant/ Negligible

Adverse event requiring no/minimal intervention or treatment.

Likelihood

5=Almost Certain

A persistent issue (more than once a month)

4=Likely

Will probably occur (once or twice every six months)

3=Possible

May occur occasionally (once or twice per year)

2=Unlikely

Do not expect it to happen but it is possible (once every 3 to 5 years)

1=Rare

Can’t believe this will ever happen (that is to say not in the next 5 years)

Risk grades are determined by multiplying the consequence / impact score by the score for likelihood (C x L). Prioritisation of risk management activity should be influenced by the risk score.

Likelihood score Consequence score 5 Catastrophic

1 Rare

2 Unlikely

3 Possible

4 Likely

5 Almost certain

5 4 3 2 1

10

15 12

20 16 12

25 20 15 10

4 Major

8 6 4 2

3 Moderate

9 6 3

2 Minor

8 4

1 Negligible

5

12.4 Risk ranking, risk acceptability and management responsibility Management responsibility for individual risks will be assigned according to the risk ranking. The general acceptability of a derived risk is shown in the table below. Risks that are unacceptable shall be subject to suitable risk reduction measures.

Score

Ranking

Descriptor

Assignment of management responsibility

Risk management strategy and Policy 2021-2024 Document ref: RM01 Version 04

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