This document provides tables ranking the consequences and likelihoods of risks. The consequence table defines 5 levels from catastrophic to insignificant based on descriptors of potential impacts. The likelihood table defines 5 levels from almost certain to rare, based on the probability of failure occurring within different timeframes. The tables provide qualitative scales to assess risks in terms of their consequences should they occur and their likelihood of occurring.
This document provides tables ranking the consequences and likelihoods of risks. The consequence table defines 5 levels from catastrophic to insignificant based on descriptors of potential impacts. The likelihood table defines 5 levels from almost certain to rare, based on the probability of failure occurring within different timeframes. The tables provide qualitative scales to assess risks in terms of their consequences should they occur and their likelihood of occurring.
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Likelihood and Consequence Ranking
Tables
Qualitative Consequence Scale
Level Descriptor Description § Deaths as a result of incident. § Disruption to medical treatment resulting in deaths. § Impact to research function involving significant delay and significant irreplaceable loss of research data or products 5 Catastrophic § Hazardous material release not contained and immediately life threatening § Financial loss (greater than 5% AOB Annual Operating Budget) § Disruption to routine operation which cannot be managed immediately and may extend beyond 2 weeks § Extensive injuries as a result of the incident requiring major medical treatment but not life threatening § Life threatening impact to medical treatment. Involves medical staff to immediately minimise impact § Impact to research function involving significant delay and significant but replaceable loss of research data or 4 Major products § Hazardous material release not contained but not immediately life threatening § Financial loss (2% to 5% AOB) § Disruption to routine operation which cannot be managed immediately and may extend for 1 to 2 weeks § Follow up medical treatment required as a result of incident § Impact to medical treatment and consultation process, non-life threatening. Will involve scheduling delays § Impact to research function involving delay and loss of 3 Moderate minor research data or products § Hazardous material release requiring external assistance to make safe § Financial loss (1% to 2% AOB) § Disruption to routine operation which cannot be managed immediately and may extend for up to 1 week § First aid treatment necessary as a result of treatment nut no follow up medical treatment § Minor impact to medical treatment and consultation process, non-life threatening but no scheduling delays 2 Minor § Impact to research functions involving delay only § Hazardous material release contained safely § Financial loss (0.1% to 1% AOB) § Disruption to routine which can be managed immediately 1 Insignificant § No injuries as a result of incident § No impact to medical treatment § No impact to research function § No hazardous material release § Negligible financial loss (0 to 0.1% AOB) Qualitative Consequence Scale Level Descriptor Description § Observation only.
Qualitative Likelihood Rankings
Level Descriptor Description Failure is expected to occur within 6 months. (One per six months). Clear evidence of plant or reticulation degradation, beyond anticipated service life or capacity, which will lead to 5 Almost Certain failure or service history of regular failures. This category should be applied to plant that is beyond its recommended service life or operating more than 10% beyond its capacity. Failure is expected to occur within 12 months (One per 12 months), with no operational or service capability to delay failure by 6 to 12 months. Clear evidence life operating at 4 Likely capacity or service history indicating likely increasing failure rate. This category should be applied to plant or reticulation that is the end of its service life or operating at or slightly above capacity. (Within 10%) Failure is expected to occur within 3 years (One per 3 years), with no operational mitigation capability or with operational or service capability to delay failure to 5 to 10 years. Plant or 3 Moderate reticulation is operating reliably but service history or inspection indicates that plant is close to the end of its useful life. Plant or reticulations operating within its related capacity. Plant is in good condition but non-typical failures could occur within 10 years (One per 10 years), which are not related to age, degradation or over capacity. Human or operational 2 Unlikely element may be a factor in such failures, such as caused by system complexity. Plant is within its early services life and has beyond ten years of anticipated service life. Failure may occur in exceptional circumstances. Such would apply to plant or reticulation that rarely fail or are likely to 1 Rare occur beyond 10 years (One in 20 to 30 years), when operating within their rated capacity such as electrical cabling.