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📋 Background

🤹‍♂️ Risks management

Identify and prioritize risks based on their probability and severity. Then define what further actions you need to take to control the risks, and who needs to carry out these actions.

...

Risk rating

LOW

MEDIUM

HIGH

EXTREME

  • Acceptable

  • Ok to proceed

  • As low as reasonably practicable

  • Take mitigation efforts

  • Generally unacceptable

  • Seek support

  • Intolerable

  • Place event on hold

...


LIKELIHOOD

SEVERITY

ACCEPTABLE
Little to no effect on event

TOLERABLE
Effects are felt, but not critical to outcome

UNDESIRABLE
Serious impact to the course of action and outcome

INTOLERABLE
Could result in disaster

IMPROBABLE
Risk is unlikely to occur

 

 

 

POSSIBLE
Risk will likely occur

 

 

 

 

PROBABLE
Risk will occur

 

 

 

 

REF

TYPE

RISK

MITIGATION

FNCTRL1

FNCTRL2

FNCTRL3

✅ Action items

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