1. RISK RATING GUIDE APPENDIX C LIKELIHOOD RATING Rating Description
Timeframe
Chance to Occur
Almost Certain 5
Expected to occur unless circumstances change
Event is likely to occur in a one year time period %
Likely 4
Will probably occur in most circumstances
Event is likely to occur in a two year time period %
Possible 3
Might occur under current circumstances
Event is likely to occur in a five year time period %
Unlikely 2
Could occur only if circumstances change
Event is likely to occur in a ten year time period
5 - 29%
Rare 1
May occur only in exceptional circumstances
Event is not likely to occur in a ten year time period
< 5%
Rating
IMPACT RATING
STRATEGIC
OPERATIONAL
COMPLIANCE
FINANCIAL
Extreme 5
Prevents the achievement to one or more strategic directions. Major shift or impact on strategy
Strong criticism by external review agencies, and/or long-term or widespread impact to reputation & credibility of WRHA. Major or long term impact on external stakeholder relationships.
Significant and long term effect on quality of care, patient safety and/or access to care.
Extreme and widespread service disruption.
Litigation relating to adverse events that resulted in serious harm or death. Major legal or contractual impact
>$50 million
Major 4
Significantly reduces ability to achieve one or more strategic directions. Some shift in strategy required.
Medium-term and/or widespread effect on reputation. Significant and long term external stakeholder effect.
Significant or long term effect on quality, patient safety and/or access to services.
Disruption in delivery of essential services or sustained loss of support services.
Significant litigation and/or contractual exposure and impact.
$10 to $50 million
Moderate 3
Disrupts achieving one of the strategic directions.
Some criticism by external review agencies, short-term effect on reputation and/or localized media attention. Minimal impact on external stakeholder relationships.
Service disruption localized or short-term.
Minimal impact on quality, patient safety or access to services.
Threat of lawsuit due to non-compliance with legislation, regulations, contractual agreement or WRHA policies.
$1 to $10 million
Minor 2
Results in minimal disruption to one of the strategic directions.
Minimum local media attention and patient relations can be restored.
Some threat to efficient and/or effectiveness of some services. Little or no impact on quality, patient safety or access to services.
Non-compliance is restricted to low risk areas and have minimal exposure to litigation.
<$1 Million
Negligible 1
No impact on strategic directions.
Rumourrs; no media attention.
Virtually no impact on ability to deliver services.
Non-compliance with internal standards having no exposure to litigation and no impact on patient care
None