APPENDIX C RISK RATING GUIDE LIKELIHOOD RATING Rating

APPENDIX C RISK RATING GUIDE LIKELIHOOD RATING Rating Description Timeframe Almost Certain Expected to occur unless circumstances change 5 Likely Will probably occur in most circumstances 4 Possible Might occur under current circumstances 3 Unlikely Could occur only if circumstances change 2 Rare May occur only in exceptional circumstances 1 Chance to Occur Event is likely to occur in a one year time period 91 - 100% Event is likely to occur in a two year time period 50 - 90% Event is likely to occur in a five year time period 30 - 49% Event is likely to occur in a ten year time period 5 - 29% Event is not likely to occur in a ten year time period < 5% IMPACT RATING Rating STRATEGIC Extreme 5 Prevents the achievement to one or more strategic directions. Major shift or impact on strategy Strong criticism by external review agencies, and/or long-term or widespread impact to reputation & credibility of WRHA. Major or long term impact on external stakeholder relationships. Major 4 Significantly reduces ability to achieve one or more strategic directions. Some shift in strategy required. Medium-term and/or widespread effect on reputation. Significant and long term external stakeholder effect. Moderate 3 Disrupts achieving one of the strategic directions. Some criticism by external review agencies, short-term effect on reputation and/or localized media attention. Minimal impact on external stakeholder relationships. Minor Results in minimal disruption to one of the strategic directions. OPERATIONAL Significant and long term effect on quality of care, patient safety and/or access to care. COMPLIANCE FINANCIAL Litigation relating to adverse events that resulted in serious harm or death. Major legal or contractual impact >$50 million Significant or long term effect on quality, patient safety and/or access to services. Disruption in delivery of essential services or sustained loss of support services. Significant litigation and/or contractual exposure and impact. $10 to $50 million Service disruption localized or short-term. Minimal impact on quality, patient safety or access to services. Threat of lawsuit due to non-compliance with legislation, regulations, contractual agreement or WRHA policies. $1 to $10 million Some threat to efficient and/or effectiveness of some services. Little or no impact on Non-compliance is restricted to low risk areas and have minimal exposure to Extreme and widespread service disruption. <$1 Million