Quantification - Unit Level
Unit Level Risk Assessment Template |
The unit level results of the following analysis can be mapped to the Heat Map of Results as shown on the Quantification tab |
| Likelihood | |||
| Event (unmitigated) | Horizon (unmitigated) | Control Effectiveness | |
| Very High | Certain to occur | >88% will occur in next year | Controls more than unlikely to delay event or horizon |
| High | Almost certain to occur | >60% to 88% will occur in next year | Controls unlikely to delay event or horizon |
| Medium | May occur or may not occur | >40% to 60% will occur in next year | Controls will have no effect on event or horizon |
| Low | Not likely to occur | >15% to 40% will occur in next year | Controls likely to delay event or horizon |
| Very Low | Very rarely will occur | <15% will occur in next year | Controls more than likely to delay event or horizon |
(QUALITATIVE) |
(QUANTITATIVE) |
(QUANTITATIVE) | |
| Impact | ||||||
| Safety | Reputation | Fiscal | Business Interruption Time | Strategic | ||
| Incurred Cost | Lost Opportunity Cost | |||||
| Very High | Loss of life | Significant and lasting reputation impact | >20% | >20% | >1 Month | Not aligned with strategic initiatives |
| High | Significant injury | Substantial, but potentially temporary reputation impact | >20% to 10% | >20% to 10% | >1 Week to 1 Month | Substantial alignment necessary |
| Medium | Injury | Minor, likely temporary impact | >10% to 5% | >10% to 5% | >1 Day to 1 Week | Alignment necessary |
| Low | Minor injury | Minor impact | >5% to 1% | >5% to 1% | >1 Hour to 1 Day | Slightly unaligned |
| Very Low | No loss of life or injury | No impact | <1% | <1% | <1 Hour | Aligned with strategic initiatives |
(QUALITATIVE) |
(QUANTITATIVE) |
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