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    8 X 8 QSHE Risk Assessment Matrix

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    Nasir Khan

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    8 X 8 QSHE Risk Assessment Matrix

    Uploaded by

    Nasir Khan
    17 views3 pages

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    8 x 8 QSHE Risk Assessment Matrix

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    © All Rights Reserved
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    17 views3 pages

    8 X 8 QSHE Risk Assessment Matrix

    Uploaded by

    Nasir Khan

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Career & Professional Development (CPD) Page 1 of 3

    8 x 8 QSHE Risk Assessment Matrix

    Consultant Waseem Shakoor | February 25, 2018 | LinkedIn

    A Risk Matrix is a graphical tool that basically involves the calculation of the magnitude of potential
    consequences scale in vertical axis (levels of impacts) and the likelihood in horizontal axis (levels of
    probability) of these consequences to occur.

    This is a simple mechanism to increase visibility of risks and assist management decision making.

    Risk = Consequence x Likelihood; where:

    I. Likelihood is the Probability of occurrence of an impact that affects the environment; and,
    II. Consequence is the Environmental impact if an event occurs.

    Probability
    Probability is the measure of the likelihood that an event will occur.

    Likelihood
    The likelihood levels can be described as frequency values.

    Consequence
    The quantifiable effect / escalation of effects leading to damage (to people, assets, environment,
    reputation, work, business etc.)

    Risk Rating/Level
    A measurement of the risk useful for assessing the priority for control measures for the treatment of
    different risks. The risk rating is derived from the ‘risk score’ for consequence x ‘risk score for likelihood.
    Career & Professional Development (CPD) Page 2 of 3
    Career & Professional Development (CPD) Page 3 of 3

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