Appendix 1

Risk Matrix - Probability

Rating

Score

Indicative Guidelines – provided as examples

    Threat Opportunity

Very likely

4

  • More than a 75% chance of occurrence.
  • Regular occurrence.
  • Circumstances frequently encountered.
  • Favourable outcome is likely to be achieved in one year.
  • Better than 75% chance of occurrence.

Likely

3

  • 41% - 75% chance of occurrence.
  • Likely to happen at some point in the next 3 years.
  • Circumstances occasionally encountered.
  • Reasonable prospects of favourable results in one year.
  • 41% - 75% chance of occurrence.

Unlikely

2

  • 10% - 40% chance of occurrence.
  • Only likely to happen once every 3 or more years.
  • Circumstances rarely encountered.
  • Some chance of favourable outcome in medium term.
  • 10% - 40% chance of occurrence.

Remote

1

  • Less than a 10% chance of occurrence.
  • Has never happened before.
  • Circumstance never encountered.
  • Less than a 10% chance of occurrence.

 

Risk Matrix - Impact

Rating

Score

Indicative Guidelines – provided as examples

    Threat Opportunity

Major

4

  • Major loss of service for more than 5 days.

  • One or more fatalities.

  • Major financial variation of more than £200k.

  • Major national news item.

  • Major impact on time / costs / resources.

  • Affect the whole Council.

  • Major improvement to services, generally or across a broad range.
  • Major improvement to health, welfare and safety.

  • Positive national press, national award or recognition, elevated status by national government.

  • Producing more than £50,000

Serious

3

  • Loss of service for 3 to 5 days.
  •  Major injury to an individual / several people.

  • Financial variation between £100k and £200k.

  • Major local news / professional press item.

  • Serious impact on time / costs / resources.

  • Affect many service areas of the Council.

  •  Major improvement to critical service area.
  • Serious improvement to health, welfare and safety.

  • Recognition of successful initiative.

  • Sustained positive recognition and support from local press.

  • Producing up to £50,000.

Significant

2

  • Loss of service for 2 to 3 days.
  • Severe injury to an individual / several people.
  • Financial variation of £50k to £100k.
  • Local news / minor professional press items
  • Controllable impact on time / costs / resources.
  • Affect 1 or few service areas of the Council.
  • Significant improvement to service area.
  • Significant improvement to health, welfare and safety.
  • Recognition of successful initiative. 
  • Positive recognition and support from local press.  

Minor

1

  • Brief disruption to service for less than 1 day.
  • Minor injury to an individual.
  • Financial variation of less than £50k.
  • Minimal news / press impact.
  • Minimal impact on time / costs / resources.
  • Affect Project Team only.
  • Improvement to a process within a service area. 

 

 

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