Table 4 Risk rank calculation
Qualitative level | Quantitative weightage (W) | Risk score(S) | Rank = W × S (shown examples) | Risk rank range | Description |
|---|---|---|---|---|---|
Very high | 96–100 | 1.0 | 97 × 1.0=97 | 81–100 | Risk is of very high concern; severe impact |
High | 80–95 | 0.8 | 90 × 0.8=72 | 51–80 | Risk is of high concern |
Medium | 31–79 | 0.5 | 50 × 0.5=25 | 21–50 | Risk is of moderate concern |
Low | 11–30 | 0.2 | 25 × 0.2=5 | 5–20 | Risk is of low concern |
Very low | 0–10 | 0.1 | 10 × 0.1=1 | 0–4 | Risk is not of concern |