The Residual Risk Matrix
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1 - 4 - Low 5 - 11 - Moderate 12 - 16 - High 17 - 25 - Extreme
Risk Rating Descriptors
Unlikely to require specific application of resources; Manage by routine procedures.
Monitor and review.
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 relevant Executive member(s) &/or Vice-Chancellor.
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 relevant Executive member(s), Vice-Chancellor and Council.