APPENDIX C
RISK RATING GUIDE
LIKELIHOOD RATING
Rating
Description
Timeframe
Almost Certain Expected to occur unless circumstances change
5
Likely
Will probably occur in most circumstances
4
Possible
Might occur under current circumstances
3
Unlikely
Could occur only if circumstances change
2
Rare
May occur only in exceptional circumstances
1
Chance to Occur
Event is likely to occur in a one year time period
91 - 100%
Event is likely to occur in a two year time period
50 - 90%
Event is likely to occur in a five year time period
30 - 49%
Event is likely to occur in a ten year time period
5 - 29%
Event is not likely to occur in a ten year time period < 5%
IMPACT RATING
Rating
STRATEGIC
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.
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.
Disrupts achieving one of the strategic directions.
Moderate Some criticism by external review agencies, short-term
effect on reputation and/or localized media attention.
3
Minimal impact on external stakeholder relationships.
Minor
2
OPERATIONAL
Significant and long term effect on quality of care,
patient safety and/or access to care.
FINANCIAL
Litigation relating to adverse events that resulted in
serious harm or death. Major legal or contractual
impact
>$50 million
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
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
Non-compliance is restricted to low risk areas and
have minimal exposure to litigation.
<$1 Million
Non-compliance with internal standards having no
exposure to litigation and no impact on patient care
None
Extreme and widespread service disruption.
Results in minimal disruption to one of the strategic
Some threat to efficient and/or effectiveness of some
directions.
services. Little or no impact on quality, patient safety
Minimum local media attention and patient relations can or access to services.
be restored.
Negligible No impact on strategic directions.
Rumourrs; no media attention.
1
COMPLIANCE
Virtually no impact on ability to deliver services.