State the relevant objective the risk relates to (e.g. strategic, business, project, clinical – refer to Pesto’s business plan and the scenario to identify objectives)

How to use this risk assessment matrix:

  1. Objective – State the relevant objective the risk relates to (e.g. strategic, business, project, clinical – refer to Pesto’s business plan and the scenario to identify objectives)
  2. Context – List internal and external factors that influence this risk in relation to objectives
  3. Risk Source – Identify where the risk originates (e.g. regulatory requirements, political changes, organisational capabilities)
  4. Risk Description – Describe risk in as “Something might occur which {Cause(s)} the {Event} that leads to an {Impact/Consequence(s)}”.
  5. Control/ Contingency Measure(s) –Identify a process, policy, or practice which will reduce the likelihood of risk or which can be used as a corrective action in the event of risk occurring.
  6. Effectiveness of Measure –Assign a rating to contingency/ control measure identified from High, Medium, or Low, based on how effective it will be at avoiding/ addressing risk.
  7. Risk Rating 
    1. Likelihood – Based on effectiveness of control/ contingency measure, rate likelihood of risk from 1 – 4 as follows:

1 – highly unlikely; 2 – unlikely; 3 – likely; 4 – highly likely
The more effective control/ contingency measures are, the lower the likelihood of risk will be.

  1. Consequence – Rate the level of impact each risk may have on your business, using the following scale:

1 – low; 2 – medium; 3 – high

  1. Multiply likelihood and consequence ratings to identify risk rating as follows:

Likelihood (L) x Consequence (C) = Risk rating (

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Revise the following sentences to position the bad news in a subordinate clause.

Revise the following sentences to present the bad news with passive-voice verbs. We cannot offer free shipping after January 1. ? Our retail stores will no longer be accepting credit cards for….

Revise the following sentences to present the bad news with passive-voice verbs.

Revise the following sentences to present the bad news with passive-voice verbs. We cannot offer free shipping after January 1. ? Our retail stores will no longer be accepting credit cards for….

Rate the level of impact each risk may have on your business, using the following scale

How to use this risk assessment matrix: Objective – State the relevant objective the risk relates to (e.g. strategic, business, project, clinical – refer to Pesto’s business plan and the scenario….