Using the table provided, list all of each risk identified, the probability of occurrence, the expected impact level, a description of the impact, and when the risk event is likely to occur.

(3) Medium-- Likely to occur and actions should be taken to reduce or control the risk. (4) Medium-High-- More than likely to occur and management or organizers should begin to …

Cutoff 2. Transactions and events are recorded in the current period but occurred in a different period. Occurrence/validity 1. Recorded transactions and events did not actually occur or do …

Feb 1, 2016 · Impact – This element is used to describe the impact to the project should the risk occur. The value is used in calculating risk exposure level. High – Very likely or almost certain …

Possible The risk/hazard event should occur at some time Likely The risk/hazard event will probably occur in most circumstances Almost Certain The risk/hazard event is expected to …

Will occur several times in the life of an item, with a likelihood of occurrence less than 10-2 but greater than 10-3 in any one mission. Likely to occur sometime in the life of an item, with a …

Possibility of death or injury. Physical losses and damages. Likelihood this will occur. Community/ Mutual Aid staff and supplies. Relative threat* SEVERITY = (MAGNITUDE - MITIGATION) …

Share Opportunity - Allocate risk ownership of an opportunity to another party who is best able to maximize its probability of occurrence and increase the potential benefits if it does occur.

Injury/Illness requiring personnel to be hospitalized/off work for extended period of time. Injury/Illness requiring medical treatment by a medical professional beyond first aid / no time …

Appropriate management reviews occur prior to report submission to parties outside the agency. Management continuously identifies its information requirements needed to communicate …