Risk Central Risk Assessment Tool

Risk Calculator - Risk Assessment Training Tool

Example 1 | Example 2 | 15 min Tutorial

Step 1 - Establish the content of the risk assessment and identify all significant risks.

 Scope of Risk Assessment and Objectives at Risk Risk Assessment Perspective

Context

Identify

Identify all significant risks to be included in the risk assessment. Once identified each risk should be quantified to estimate their relative size.

Step 2 - Quantify Each Identified Risk and Control

Risk Scenario Risk Level
New Risk Save Risk
Risk Scenario Existing Controls


Risk Matrix Click the consequences of the risk scenario,
then click the likelihood of these consequences occuring.

Consequences
Likelihood 1,000
(Insignificant)		10,000
(Minor)		100,000
(Moderate)		1,000,000
(Major)		10,000,000
(Severe)
10 per year
(Almost Certain)		10,000
(Medium)		100,000
(High)		1,000,000
(Very High)		10,000,000
(Very High)		100,000,000
(Very High)
1 per year
(Likely)		1,000
(Medium)		10,000
(Medium)		100,000
(High)		1,000,000
(Very High)		10,000,000
(Very High)
1/10 per year
(Possible)		100
(Low)		1,000
(Medium)		10,000
(Medium)		100,000
(High)		1,000,000
(Very High)
1/100 per year
(Unlikely)		10
(Low)		100
(Low)		1,000
(Medium)		10,000
(Medium)		100,000
(High)
1/1,000 per year
(Rare)		1
(Low)		10
(Low)		100
(Low)		1,000
(Medium)		10,000
(Medium)


Consequences X Likelihood (per year)=Risk Level (per year)


Potential Controls and Actions Responsible Person

New Risk Save Risk