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Likelihood and Consequence Ranking Tables: Qualitative Consequence Scale Level Descriptor Description

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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0% found this document useful (0 votes)
36 views2 pages

Likelihood and Consequence Ranking Tables: Qualitative Consequence Scale Level Descriptor Description

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.

Uploaded by

muhammad haziq
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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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.

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