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Risk Rating

The Residual Risk Matrix

Risk
Consequences

5

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4

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3

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2

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1

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1

2

3

4

5

Risk Likelihood

1 - 4
- Low
5 - 11
- Moderate
12 - 16
- High
17 - 25
- Extreme

Risk Rating Descriptors

Rating Description Required Action
L Low Acceptable:
Unlikely to require specific application of resources; Manage by routine procedures.
Monitor and review.
M Moderate Acceptable:
Unlikely to cause much damage and/or threaten the efficiency and effectiveness of the program/activity.
Treatment plans to be developed and implemented by operational managers.
Manage by specific monitoring or response procedures.
H High Generally not acceptable:
Likely to cause some damage, disruption or breach of controls.
Senior management attention needed and management responsibility specified; Treatment plans to be developed and reported to Deans, Exec Director/PVC &/or Vice-Chancellor.
E Extreme Not acceptable:
Likely to threaten the survival or continued effective functioning of the program or the organisation, either financially or politically.
Immediate action required; Must be managed by senior management with a detailed treatment plan reported to Deans, Exec Director/PVC, Vice-Chancellor and Council.

Updated: 27 March 2012