C1.4.1 continued…
Example 1:
A system is established to determine the likelihood of an impact occurring and the severity of the impact. Numerical values are assigned to each of these.
Likelihood of Impact:
Severity of Impact:
The figures can be on any scale.
The determination of significance will then be assed using a multiplication:
Likelihood x Severity
There are generally two methods of determining significance:
1. A figure is chosen and anything with a score above that is significant, anything with a score below it is not.
2. A matrix is used, as demonstrated below: