Consequence-likelihood Table

LIKELIHOOD DESCRIPTION RATING

Almost sure to occur either

Extremely likely 5
daily or weekly.
Occurs once or twice every
Likely 4
month

Conceivable Occurs once every year 3

Rare Occurs once every 10 years 2

Practically impossible and only

Inconceivable occurs in very special 1
circumstances

IMPACT DESCRIPTION RATING

Extreme event, potential for

financed costs or delays or
Abysmal 5
damage to the business
reputation

Critical event, potential for

Serious 4
major costs or delays

Large impact, but can be

Average managed with effort using 3
standard procedure

Minor impact with routine

Low significance 2
management procedures

Insignificant Impact may be safely ignored 1