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Essays » Miscellaneous Effect of Living Situation on Students' Academic Performance in School

By | Jan. 2013
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Appendix Three

Risk Matrix, Consequence And Likelihood Tables
Risk Matrix
The following risk matrix is used in this document, however there are several variations on this matrix that can be found in the literature. It does not matter which matrix you use as long as you consistently use the same matrix. CONSEQUENCE

LIKELIHOOD

Insignificant

Minor (2)

Moderate (3)

Major (4)

Extreme (5)

(1)
Rare (1)

Low

Low

Low

Low

Low

Unlikely (2)

Low

Low

Low

Medium

Medium

Possible (3)

Low

Low

Medium

Medium

Medium

Likely (4)

Low

Medium

Medium

High

High

Almost certain

Low

Medium

Medium

High

Extreme

(5)

Likelihood Table
The following can be used as a guide for determining likelihood. However this tool has limitations as likelihood and frequency of events tend to vary between disciplines and functional areas.
Level

Likelihood

Expected or actual frequency experienced

1

Rare

2

Unlikely

3

Possible

4

Likely

5

Almost

May only occur in exceptional circumstances; simple process; no previous incidence of non-compliance
Could occur at some time; less than 25% chance of occurring; noncomplex process &/or existence of checks and balances Might occur at some time; 25 –50% chance of occurring; previous audits/reports indicate non-compliance; complex process with extensive checks & balances; impacting factors outside control of organisation Will probably occur in most circumstances; 50-75% chance of

occurring; complex process with some checks & balances; impacting factors outside control of organisation
Can be expected to occur in most circumstances; more than 75% chance of occurring; complex process with minimal checks & balances; impacting factors outside control of organisation

certain

Appendix Three
Consequence Table
The following is a guide to determining consequence. The applicability of the operational definitions of each...

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