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Home My WebLink AboutRisk Matrix Plan.pdf� Various risks and hazards have different severities and likelihood of occurring. Consider the different hazards in the previous page and use the risk assessment matrix below to assess the potential hazards to your business. Severity - VAWE LIKELIHOOD DESCRIPTION RISK LEVEL SCORE 4 Very likely Very likely to occur in the foreseeable future 3 Likely Likely to occur in the foreseeable future 2 Unlikely Not likely to occur in the foreseeable future 1 Very unlikely Will only occur in exceptional circumstances VALUE SEVERITY IMPACT ON KEY BUSINESS FUNCATIONS FINANCIAL RECOVERY &INFRASTRUCTURE IMPACT TIME 4 Major Loss of key business functions and Major 1+ month extensive damage to infrastructure 3 Serious Significant impact on key business Significant 1+ week functions and extensive damage to infrastructure 2 Minor Minimal Impact on key business functions Limited 1- 3 days and extensive damage to infrastructure 1 Insignificant Negligible impact on key business None Immediate functions and extensive damage to infrastructure To calculate the risk level, multiply the hazard's likelihood value by the severity value (likelihood x severity = risk level). Prioritize your planning based on the risk value. MAPLE RIDGE :n commc�a HAZARD RISK LEVEL PLANNING MEASURES Choose Risk Level Choose Risk Level Choose Risk Level Choose Risk Level Choose Risk Level Choose Risk Level Choose Risk Level Choose Risk Level Choose Risk Level Choose Risk Level MAPLE RIDGE BrilisF Calumbia