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Comprehensive Risk Register Guide

This document is a risk register that contains a risk analysis matrix for assessing risks on two criteria: likelihood of occurrence and impact/consequences. It rates both criteria from levels 1 to 5, with 5 being almost certain/extreme impact. It then multiplies these ratings to determine a risk score and ranking of high, medium, or low. The risk register also categorizes business processes at the company that could be impacted.

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4 views1 page

Comprehensive Risk Register Guide

This document is a risk register that contains a risk analysis matrix for assessing risks on two criteria: likelihood of occurrence and impact/consequences. It rates both criteria from levels 1 to 5, with 5 being almost certain/extreme impact. It then multiplies these ratings to determine a risk score and ranking of high, medium, or low. The risk register also categorizes business processes at the company that could be impacted.

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Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd

RISK REGISTER PMJ/PJS/RR

Likelihood Level Consequences (Impact) Level Consequences 1 2 3 4 5


Likelihood
Almost certain (continually 5 Extreme (Disastrous business or project impact. Business or 5 1 1 2 3 4 5
experienced) project survival is at risk. Massive/adverse environmental
impact).
Likely (will occur frequently) 4 Major (Significant business or project impact. Operations 4 2 2 4 6 8 10
severely affected. Major environmental impact).
Possible (will occur several times) 3 Moderate (Limited business or project impact. Reasonable 3 3 3 6 9 12 15
time/resources required. Localized environmental impact).
Unlikely (unlikely but can 2 Minor (Slight business or project impact. Some disruption 2 4 4 8 12 16 20
reasonably expected to occur) possible. Minor environmental impact).
Rare (unlikely to occur but 1 Insignificant (Negligible business or project impact. Minor 1 5 5 10 15 20 25
possible) issues easily handled by normal day to day processes. Slight
environmental impact).

Risk Ranking Business Processes


Index Rank Score TC –Tender & Contracts PCP – Pre-Construction
H HIGH 15 - 25 PROC - Purchasing CON – Construction
M MEDIUM 7 - 14 QESHSA – QESH System PCON – Post Construction
Administration
L LOW 1-6 HRM – Human Resource MAI – Measurement, Analysis &
Management Improvement

Revision : 0 Effective Date : 24-01-2018

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