Risk and Opportunity Register
Risk and Opportunity Register
Risk and Opportunity Register
SITUATION
SEVERITY RATING
OPERATIONS FINANCIAL INTERESTED PARTIES ACCIDENTS / INCIDENTS ASSET ENVIRONMENT ENVIRONMENT RECOVERY
Do not forsee organisation Requires unaffordable
Leads to closure of Damage to reputation Regional ecosystem
Serious breaking even for following Fatality Irreversible damage significant investment of time 4
business May lead to loss of business damage
timeframe. and money for recovery
Slightly impacts the Ecosysytem damage
Requires explanation to
Moderate organization's function Reduces net profit Minor injury Minor damage limited to company Localised and reversible 2
interested parties
and requirement premises
Discomfort to interested Ecosystem damage
Minor No effect No considerable loss or profit No injury No damage Reversible 1
parties locallized to area of work
PROBABILITY
• Risk that has occurred based on previous record in the organization
Very Likely 5
• Opportunity that has been adopted and proven with beneficial result
• Risk that may occur if situation is not properly managed due to carelessness, ignorance or inexperience.
Likely 4
• Opportunity that may be implemented but with intangible beneficial result
• Risk that has not occurred in the Organization but based on previous record in similar industry or competitor.
Possible 3
• Opportunity that has not been adopted by the Organization but has been adopted by similar industry or competitor with proven good result
• Risk that has not been known to occur after many years.
Remote 2
• Opportunity that might not be viable due to requirement of high capability and investment for implementation
Unlikely • Almost not possible to happen or implement 1
Severity
1 2 3 4
5 5 10 15 20
Probability of Occurrence
4 4 8 12 16
3 3 6 9 12
2 2 4 6 8
1 1 2 3 4
RISK LEVEL GUIDELINES FOR ACTION
HIGH • Immediate intervention from the top management is needed to ensure that a concrete controls is in place to avoid occurrence
[15~ 20 Points] • Control established must be able to reduce the Risk to at least Medium Level
• For 10 points and above, must be given with additional control to reduce the risk level
MEDIUM
• For below 10 points additional control may be taken if there are any opportunity to do so
[5~12 Points]
• Medium Risks shall be reviewed periodically to ensure that they are not turned into High Risk
• Not compulsory to have additional control but it may be done voluntary
LOW
• Shall be reviewed regularly to ensure that they are not turned into High Risk
[1~4 Points]
• Reduce the risk to as low as possible & practical