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Definitions of risk scoring

Risk Categories


R Reputation
T Teaching / Student Experience
Res Research
S Staffing issues
SA Estates and Facilities / Health and Safety
F Financial issues
O Organisational issues
IT Information and IT

 

Likelihood Score (of occurring within the next 3-4 years)


1

Improbable (1-20%)
2 Not likely (21-50%)
3 Likely (51-80%)
4 Very likely (81-100%)

 

Impact Score


1

Will impair achievement of one or a small number of strategic goals. (Financial impact on University annual surplus under approximately £250,000)

2

Will impair achievement of a number of strategic goals and/or significantly impair one strategic goal. (Financial impact on University annual surplus between approximately £250,000 and £500,000)

3

Will significantly impair a small number of strategic goals. (Financial impact on University annual surplus at approximately between £500,000 and £1 million)

4 Will significantly impair a small number of strategic goals and/or halt the achievement of one or more strategic goal(s). (Financial impact on University annual surplus over approximately £1 million)