Southern Cross University
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Emergency Procedures Plan [pdf]
Crisis Management Plan [pdf]
Business Continuity Management Policy [pdf]
Risk Management
Risk Process
Risk Process Flow Chart
Risk Descriptors
Risk Rating
Risk Treatment




Risk Likelihood and Consequence Descriptors

Risk Likelihood Descriptors

Rating Description Likelihood of Occurrence
1RareHighly unlikely, but it may occur in exceptional circumstances. It could happen, but probably never will.
2UnlikelyNot expected, but there's a slight possibility it may occur at some time.
3PossibleThe event might occur at some time as there is a history of casual occurrence at the University &/or similar institutions.
4LikelyThere is a strong possibility the event will occur as there is a history of frequent occurrence at the University &/or similar institutions.
5Almost CertainVery likely. The event is expected to occur in most circumstances as there is a history of regular occurrence at the University &/or similar institutions.

Risk Consequence Descriptors


Rating


Description


Financial Impact

Clients & Staff
Health & Safety


Business Interruption


Reputation & Image


Corporate Objectives

1

Insignificant

Minimal financial loss; Less than $300,000 No or only minor personal injury; First Aid needed but no days lost

Negligible; Critical systems unavailable for less than one hour

Negligible impact

Resolved in day-to-day management

2

Minor

$300,000 to $2M; not covered by insurance Minor injury; Medical treatment & some days lost

Inconvenient; Critical systems unavailable for several hours

Adverse local media coverage only

Minor impact

3

Moderate

$2M to $5M; not covered by insurance Injury; Possible hospitalisation & numerous days lost

Client dissatisfaction; Critical systems unavailable for less than 1 day

Adverse capital city media coverage

Significant impact

4

Major

$5M to $10M; not covered by insurance Single death &/or long-term illness or multiple serious injuries

Critical systems unavailable for 1 day or a series of prolonged outages

Adverse and extended national media coverage

Major impact

5

Catastrophic

Above $10M; not covered by insurance Fatality(ies) or permanent disability or ill-health

Critical systems unavailable for more than a day (at a crucial time)

Demand for government inquiry

Disastrous impact

Updated: 12 April 2007


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