A table showing the risk scoring matrix. The severity or impact rating is measured on a scale of 1 to 5. 1 is insignificant, 2 is minor, 3 is moderate, 4 is major and 5 is catastrophic. Likelihood is measured on a scale of 1 to 5. 1 is rare (1 out of 100,000 chance), 2 is unlikely (1 out of 10,000 chance), 3 is possible (1 out of 1,000 chance), 4 is likely (1 out of 100 chance) and 5 is almost certain (1 out of 10 chance), The risk score is determined by multiplying the severity rating by the likelihood. 1 is the lowest possible risk score (insignificant severity of 1 multiplied by rare likelihood of 1). 25 is the highest possible risk score (catastrophic severity of 5 multiplied by almost certain likelihood of 5). A risk score of 1 to 5 is considered very low. A risk score of 6 to 8 is considered low. A risk score of 9 to 15 is considered moderate. A risk score of 16 to 25 is considered high.
| Severity/impact rating | |||||
|---|---|---|---|---|---|
| Likelihood | Insignificant | Minor | Moderate | Major | Catastrophic |
| 5 – Almost Certain 1/10 | 5 – very low risk | 10 – moderate risk | 15 – moderate risk | 20 – high risk | 25 – high risk |
| 4 – Likely 1/100 | 4 – very low risk | 8 – low risk | 12 – moderate risk | 16 – high risk | 20 – high risk |
| 3 – Possible 1/1,000 | 3 – very low risk | 6 – low risk | 9 – moderate risk | 12 – moderate risk | 15 – moderate risk |
| 2 – Unlikely 1/10,000 | 2 – very low risk | 4 – very low risk | 6 – low risk | 8 – low risk | 10 – moderate risk |
| 1 – Rare 1/100,000 | 1 – very low risk | 2 – very low risk | 3 – very low risk | 4 – very low risk | 5 – very low risk |