7. Risk Management RISK RATING MATRIX Significant Low Low Very Low Very Low Rare Significant Significant Significant Low Very Low Unlikely High High Significant Low Low Possible High High Significant Significant Low Likely High High High Significant Low Almost Certain LIKELIHOOD Catastrophic Major Moderate Minor Insignificant CONSEQUENCE Risk Management
8. Risk Management TABLE C – RISK ACTION LEVEL Senior Management Team / Board High Directorate Significant Department / Unit Low Department / Unit or Team Very Low Action Level Risk Level Risk Management