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  • General Risk Assessment Priority Rating

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    khurram
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    This document provides a risk assessment priority ranking matrix based on the severity and likelihood of risks. It assigns a total priority ranking from 1 to 25 by multiplying the severity from 1 to 5 by the likelihood also from 1 to 5. Risks with a total priority ranking of 16 to 25 require immediate attention, 9 to 15 require action within one month, 5 to 8 require action within six months, and 1 to 4 require review at the next assessment.

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    This document provides a risk assessment priority ranking matrix based on the severity and likelihood of risks. It assigns a total priority ranking from 1 to 25 by multiplying the severity from 1 to 5 by the likelihood also from 1 to 5. Risks with a total priority ranking of 16 to 25 require immediate attention, 9 to 15 require action within one month, 5 to 8 require action within six months, and 1 to 4 require review at the next assessment.

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    16 views1 page

    General Risk Assessment Priority Rating

    Uploaded by

    khurram
    This document provides a risk assessment priority ranking matrix based on the severity and likelihood of risks. It assigns a total priority ranking from 1 to 25 by multiplying the severity from 1 to 5 by the likelihood also from 1 to 5. Risks with a total priority ranking of 16 to 25 require immediate attention, 9 to 15 require action within one month, 5 to 8 require action within six months, and 1 to 4 require review at the next assessment.

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    © All Rights Reserved
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    General Risk Assessment Priority Ranking


    Severity

    Likelihood

    x
    5
    4
    3
    2
    1

    1
    5
    4
    3
    2
    1

    2
    10
    8
    6
    4
    2

    3
    15
    12
    9
    6
    3

    4
    20
    16
    12
    8
    4

    5
    25
    20
    15
    10
    5

    Total Likelihood x Severity = Priority Ranking:


    16 25

    P1

    9 15

    P2 Action within one month

    58

    P3 Action within six months

    14

    P4

    QCR 103

    Requires immediate attention

    Review at next assessment

    ISSUE 1 - NOV 2004

    PAGE RA3

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