Talking Risk

So you can have an impact of 5 but because of good controls, the likelihood is 1 and the risk score would be 5, which is a low risk.

Boy this feels like me the other day with the ‘biggest loser’ challenge. After I eat all kind a bush for weeks, I gone down to weigh on the last day and I only lose 4lbs!

The impact of losing weight with the bush was high, but with them coconut tart and banana bread from ‘I have’ every Friday, what you expect? The likelihood was 1 !

I guess you aren’t as big a loser as you think!

Remember the final risk score is based on the impact and likelihood. So although the impact may be high, if the controls are good, this reduces the likelihood, which results in a low risk score.