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) |