A.

Risk Assessment Constraints

Likelihood Rating Description
Frequent I Likely to occur 12 times per year or more
No. Consequence
Probable Rating II Likely to occur 4 times per year Description
Occasional III  Single or Multiple loss of life
Likely to occur once a year from injury or occupational disease, immediately or delayed;
1 Catastrophic I and/or.
Remote IV  Likely to occur once in 5 year project period
Loss of whole production for greater than 3 man-days; and/or.
Improbable V  Unlikely,
Total loss inbut may of
excess exceptionally
$1 million. occur
 Reportable major injury, occupational disease or dangerous occurrence; and/or.
2 Major II  Damage to works or plants causing delay of more than 3 man-days; and/or.
 Total loss in excess of $100,000 but up to $1 million.
 Reportable injury, occupational disease; and/or
3 Serious III  Damage to works or plants causing delay for up to 3 man-day; and/or
 Total loss in excess of $10,000 but up to $1000,000 .
 Minor injury, no loss time or person involved returns to work during the shift after treatment;
4 Moderate IV and/or
 Damage to works or plants does not cause significant delay; and/or
 Total loss from $1,000 to $10,000.
5 Minor V  No injury likely or potential for minor first aid case. Minor illness. Total loss below $1,000.
B. Risk Assessment Matrix
Accident Severity Category
Risk Category I II III IV V
Catastrophic Major Serious Moderate Minor
I Frequent A A A B C
II Probable A A B C D
Frequency
Category
Accident

III Occasional A B C C D
IV Remote B C C D D
V Improbable C D D D D

Hazard Resolution Matrix

Risk Index Description Definition
A Intolerable Risk shall be reduced by whatever means possible.
B Undesirable Risk shall only be acceptable if further risk reduction is not practicable.
C Tolerable Risk shall be accepted subject to demonstration that the level of risk is as low as
 reasonably practicable.
D Negligible Risk is acceptable.