Professional Documents
Culture Documents
Issue Status
Issue Summary Risk Summary
Open 0 Open 42 Open Closed In Progress Monitoring Resolved
Closed 0 Closed 0
In Progress 0 In Progress 0
Monitoring 0 Monitoring 0
Resolved 0 Resolved 0
Low Impact 0 Low 0
Med Impact 0 Moderate 0
High Impact 0 High 0
Low Priority 0 Extreme 0
Med Priority 0 Total Risks 42 Risk Status
High Priority 0
Open Closed In Progress Monitoring Resolved
Total Issues 0
20 1
18 0.9
16 0.8
14 0.7
12 Risk Type 0.6
10 Issue Type 0.5
8 0.4
6 0.3
4 0.2
2 0.1
0 0
Strategic Financial Regulatory Management Operational Low Moderate High Extreme
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AS/NZ Standard 4360:2004 Risk Management
Each risk has been rated in terms of its resulting likelihood of occurrence and the potential impact, using the rating system specified in AS/NZ
STANDARD 4360:2004 Risk Management. These are explained in the tables below.
Consequences
Insignificant Minor Moderate Major Catastrophic
Likelihood: 1 2 3 4 5
A (almost certain) H H E E E
B (likely) M H H E E
C (possible) L M H E E
D (unlikely) L L M H E
E (rare) L L M H H
Key Description
E Extreme Risk: Immediate action required to mitigate the risk.
H High Risk: Action should be taken to compensate for the risk.
M Moderate Risk: Action should be taken to monitor the risk.
L Low Risk: Routine acceptance of the risk.
Provided by KineticIT
Final version - customised
7/7/2009 1.00 under contract to the
original Issue-Risk log template.
Dept of Finance