Risk Matrix Likelihood

Severity of Not credible (1) Unlikely (2) Possible (3) Likely (4) Probable (5) Overall Action to be taken
Consequences Never heard Heard of in the Similar incident has Happens several Happens several risk
of in the shipping shipping industry happened in our times a year times a year on factor
industry company in our company this ship

(1)
Injury not credible 1 2 3 4 5 Risks at an acceptable
level. No additional
actions necessary.
1-6
Monitor to ensure
(2)
Only minor injury normal precautions
2 4 6 8 10 maintained
credible

(3) Try to reduce risks at

Serious single injury
this level. They are
credible
3 6 9 12 15 8-12 only tolerable if steps
to reduce them would
be clearly unrealistic.

(4) Do not start work

Fatality/multiple until the risk has
injury credible 4 8 12 16 20 15-20
been significantly
reduced.

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