Internet, The Risk Matrix Research Assignment Paper

The Risk Matrix
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Institution:
Date of submission
The Risk Matrix
Examples of Risk matrices
* Open disclosure standard
* Incident grading matrix
Level

Descriptor

Description

1

Insignificant

No injuries, low financial loss

2

Minor

First aid treatment, on-site release immediately contained, medium financial loss

3

Moderate

Medical treatment required, on-site release contained with outside assistance, high financial loss

4

Major

Extensive injuries, loss of production capability, off-site release with no detrimental effects, major financial loss

5

Catastrophic

Death, toxic release off-site with detrimental effect, huge financial loss

* Qualitative risk analysis matrix
Likelihood

Consequences - insignificant 1

Consequences - minor 2

Consequences - moderate 3

Consequences - major 4

Consequences - catastrophic 5

A (almost certain)

H

H

E

E

E

B (likely)

M

H

H

E

E

C (moderate)

L

M

H

E

E

D (unlikely)

L

L

M

H

E

E (rare)

L

L

M

H

H

* Safety Assessment Code (SAC) Matrix
Probability

Severity - catastrophic

Severity - major

Severity - moderate

Severity - minor

Frequent

3

3

2

1

Occasional

3

2

1

1

Uncommon

3

2

1