Task Risk AssessmentRisk Identification and Assessment WorksheetNature of ActivityProject, Event, Home,Notes:Date of Assessment:Risk DescriptionInherent ExposureSeverity/consequenceFrequency/Likelihood of this event occuringRisk RatingRisk Rating DirectionsLoss Control MethodRisk DescriptionDescription of the impact in a worse case scenerioWhat would be the financial impact of this eventHow likely is it that this event will occurRisk Score based on severity and frequency (colume C & D)Level of RiskTransfer, control, eliminate, duplicate(i.e. Hurricane)Property damage to buildings, loss of revenue from business operations, individual's injured, automobiles damaged5 MAJOR3 POSSIBLE15Threatens the viability of the entity. Avoid if possible. Risk control and mitigations techniques are to be implemented to minimize potential losses.Employee Stealing from OrganizationHurricane that destroys main buildingEmployee becomes totally disabled as the result of a work related injury/illnessHacker steals customers IdentitiesA country your company does business with gets a new ruler that does not like the USFailure to innovate/meet consumer needsYour business in interrupted because a supplier has gone out of businessYour company van causes a three car accident and someone dies as the resultYour electronic payment system crashes and you lose the information on current payments &LProsafe Offshore TRA&C&D&RPage&Pof &N Risk Rating Risk Rating Directions Frequency/Likelihood of this event occuring Severity/consequence SeveritySEVERITY/ CONSEQUENCEIF EFFECTS ARE;5 MAJORPersonnelMultiple fatalities and or multiple injuries.AssetMajor damage to worksite, equipment or vessel causing the operation to cease requiring demobilisation.ProductionLoss of production progress of 10 days or more.EnvironmentLong-term impact on the natural environment with a restoration time likely to exceed 1 year, or ongoing legal non-compliance.4 SERIOUSPersonnelSingle fatality, 2 persons or more suffering Lost Time Injury(ies) or acute/chronic health effects.AssetSerious damage to worksite, equipment or vessel causing the operation to cease temporarily.ProductionLoss of production progress of 2 to 9 days.EnvironmentMedium-term impact on the natural environment with restoration expected within 1 month to 1 year, or a one-off legal non-compliance.3 MODERATEPersonnel1 person suffering Lost Time Injury(ies) or persistent health effects.AssetLocally repairable damage to worksite, equipment or vessel, possibly extensive.ProductionLoss of production progress of less than 2 days.EnvironmentShort-term controllable impact on the natural environment with restoration expected within 1 day to 1 month.2 MINORPersonnelNon-Lost Time Injury(ies), first aid treatments or minor short-term health effects.AssetDamage requiring minor repair.ProductionMinimal production interruption of less than 1 hour.EnvironmentMinimal impact on the natural environment with restoration expected within 1 day.1 NEGLIGIBLEPersonn ...

1. Task Risk AssessmentRisk Identification and Assessment
WorksheetNature of ActivityProject, Event, Home,Notes:Date
of Assessment:Risk DescriptionInherent
ExposureSeverity/consequenceFrequency/Likelihood of this
event occuringRisk RatingRisk Rating DirectionsLoss Control
MethodRisk DescriptionDescription of the impact in a worse
case scenerioWhat would be the financial impact of this
eventHow likely is it that this event will occurRisk Score based
on severity and frequency (colume C & D)Level of
RiskTransfer, control, eliminate, duplicate(i.e.
Hurricane)Property damage to buildings, loss of revenue from
business operations, individual's injured, automobiles damaged5
MAJOR3 POSSIBLE15Threatens the viability of the entity.
Avoid if possible. Risk control and mitigations techniques are
to be implemented to minimize potential losses.Employee
Stealing from OrganizationHurricane that destroys main
buildingEmployee becomes totally disabled as the result of a
work related injury/illnessHacker steals customers IdentitiesA
country your company does business with gets a new ruler that
does not like the USFailure to innovate/meet consumer
needsYour business in interrupted because a supplier has gone
out of businessYour company van causes a three car accident
and someone dies as the resultYour electronic payment system
crashes and you lose the information on current payments
&LProsafe Offshore TRA&C&D&RPage&Pof &N
Risk Rating
Risk Rating Directions
Frequency/Likelihood of this event occuring
Severity/consequence
SeveritySEVERITY/ CONSEQUENCEIF EFFECTS ARE;5
MAJORPersonnelMultiple fatalities and or multiple
injuries.AssetMajor damage to worksite, equipment or vessel
causing the operation to cease requiring
demobilisation.ProductionLoss of production progress of 10

2. days or more.EnvironmentLong-term impact on the natural
environment with a restoration time likely to exceed 1 year, or
ongoing legal non-compliance.4 SERIOUSPersonnelSingle
fatality, 2 persons or more suffering Lost Time Injury(ies) or
acute/chronic health effects.AssetSerious damage to worksite,
equipment or vessel causing the operation to cease
temporarily.ProductionLoss of production progress of 2 to 9
days.EnvironmentMedium-term impact on the natural
environment with restoration expected within 1 month to 1 year,
or a one-off legal non-compliance.3 MODERATEPersonnel1
person suffering Lost Time Injury(ies) or persistent health
effects.AssetLocally repairable damage to worksite, equipment
or vessel, possibly extensive.ProductionLoss of production
progress of less than 2 days.EnvironmentShort-term controllable
impact on the natural environment with restoration expected
within 1 day to 1 month.2 MINORPersonnelNon-Lost Time
Injury(ies), first aid treatments or minor short-term health
effects.AssetDamage requiring minor repair.ProductionMinimal
production interruption of less than 1 hour.EnvironmentMinimal
impact on the natural environment with restoration expected
within 1 day.1 NEGLIGIBLEPersonnelNegligible injury or
health implications with no work absence.AssetNo likely
equipment damage or function loss.ProductionVery minor
production interruption.EnvironmentNo damage or effects to the
natural environment.
LikelihoodLIKELIHOODDEFINITION5Almost inevitable that
an incident would result.Probable4Such an event is known to
have occurred and represents a credible scenario.LikelyAn
additional factor may result in an accident.3Possible when
additional factors are present but otherwise unlikely to
occur.Possible2Conceivable, occurrence would require multiple
failures of systems and controls or a rare combination of
factors.Unlikely1Little or no chance of occurrence; would
require a freak combination of factors for the situation to
result.Very unlikely
Risk RatingRisk

3. RatingSEVERITY/CONSEQUENCE12345NegligibleMinorMode
rateSeriousMajorLIKELIHOOD112345Very
unlikely2246810Unlikely33691215Possible448121620Likely551
0152025Probable
RR Directions1-6May be acceptable to accept risk. Analysis
and implementation of risk control techniques may be required,
wi careful attention to cost/benefit analysis including risk
mitigation costs.Low7-14The risk can be tolerated provided the
benefits outweigh the costs (including cost to mitigate)
considerably. Risk control and mitigation techniques
requiredMed15-25Threatens the viability of the entity. Avoid if
possible. Risk control and mitigations techniques are to be
implemented to minimize potential losses.High
Definition of terms – Likelihood of Occurrence
Rare
Likely to occur only in very
exceptional circumstances
Unlikely
Could occur at some time
Possible
May occur at some time
Likely
Will probably occur at least once
Almost Certain
Is expected to occur in most
circumstances
MBD005C1B88.doc
Definition of terms – Likelihood of Occurrence
Rare
Likely to occur only in very exceptional circumstances

4. Unlikely
Could occur at some time
Possible
May occur at some time
Likely
Will probably occur at least once
Almost Certain
Is expected to occur in most circumstances