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Probability | Risk exposure | Color | Risk priority | |||||||
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0.05 | 0.25 | 0.5 | 0.75 | 0.95 | 0 - 0.75 | Green | Low risk | |||
I M P A C T | 1 | 0.05 | 0.25 | 0.5 | 0.75 | 0.95 | 0.95 – 2.25 | Amber | Moderate risk | |
2 | 0.1 | 0.0.5 | 1 | 1.5 | 1.9 | 2.5 – 4.75 | Red | Critical risk | ||
3 | 0.15 | 0.75 | 1.5 | 2.25 | 2.85 | Prioritization of risks must be done based on Risk Exposure value as follows:
| ||||
4 | 0.2 | 1 | 2 | 3 | 3.8 | |||||
5 | 0.25 | 1.25 | 2.5 | 3.75 | 4.75 |
Risk category | Risk source | Risk Description/Summary | Risk Probability | Risk Impact | Risk Exposure | Risk Exposure | Risk status (open/treated) | Risk Treatment Strategy (avoidance/ reduction) | Last Update date | Mitigation Plan (Treatment strategy description) | Assignee | Date of Risk Occurrence | Issue Status | Contingency Plan | Contingency Plan Assignee |
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