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Risk Matrix for Hazard Assessment

The proposed risk matrix evaluates potential incidents across multiple impact categories on a scale of 1 to 6 based on the likelihood and severity of consequences. It assesses people, environment, assets, reputation, and legal impacts. Environmental impacts range from major effects requiring containment of over 500 barrels of oil to minimum impacts of less than 1 barrel. Asset impacts evaluate financial losses from over $100 million to under $100,000. The matrix provides a total risk rating to guide risk management priorities.

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Amin Rois
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262 views1 page

Risk Matrix for Hazard Assessment

The proposed risk matrix evaluates potential incidents across multiple impact categories on a scale of 1 to 6 based on the likelihood and severity of consequences. It assesses people, environment, assets, reputation, and legal impacts. Environmental impacts range from major effects requiring containment of over 500 barrels of oil to minimum impacts of less than 1 barrel. Asset impacts evaluate financial losses from over $100 million to under $100,000. The matrix provides a total risk rating to guide risk management priorities.

Uploaded by

Amin Rois
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

PROPOSEDPHEWMOINTEGRATEDRISKMATRIX

PROBABILITY(LIKELIHOOD)
HAZARDEFFECT(SEVERITY) Theconsequence is Theconsequence is Theconsequence is
Theconsequence is Theconsequence is Theconsequence is
almostimpossible moderatelyto almostcertainto
Level tooccur
unlikelytooccur
occur
likelytooccur
occur
definitelytooccur

1
2 3 4 5 6
People Environment Asset(Cost) Reputation Legal Almost
VeryLow Low Medium High VeryHigh
impossible

Majorimpacttothe
environment,total Licenseto
MajorLoss National 5
>2Fatality Lossof
US$100M impact
operate
Catastrophic 5 10 15 20 25 30
Containment revoked
(500bbls)

Significantimpact Significant Significant


totheenvironment, Loss Regional penalty 4
12Fatality
significantLoss US$10M impact from Major 4 8 12 16 20 24
100 500bbls 100M regulator

Permanent Moderateimpactto Moderate Moderate


Disability, theenvironment, Loss Local penalty 3
LostTime significantLoss US$1M impact from Moderate 3 6 9 12 15 18
Injury 15 100bbls 10M regulator

Restricted Slightimpacttothe
MinorLoss Warning
Work, environment,minor Internal 2
Medical Loss
US$100k
impact
from
Minor 2 4 6 8 10 12
1M regulator
Treatment 1 15bbls

Not
Miminumimpactto Not
Not significant
FirstAid theenvironment, significant 1
Injury notsignificantLoss Loss<US$
significant reaction
Slight 1 2 3 4 5 6
impact from
<1bbls 100k
regulator

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