Purpose:

Vision RECap's Risk Gradings provide consistency and standardisation across your organisation. This empowers your team with a single view of risk ratings to apply based on each scenario that may rise when a risk is added to your assets.

This includes minor risks, moderate risks and major risks.

Tip:

Use your Risk Overview page at your regular team meetings to effectively manage and close your risks.

Risk Gradings

Grade	Definition
MINOR	Near miss Potential Public Liability Insurance matter or minor injury requiring 1st Aid Short term nuisance environmental damage easily rectified Financial damage/estimated cost to rectify <$5,000 and/or unplanned interruption for <2 hours (Electricity, Gas, Water, Sewerage and tenancy unable to trade)
MODERATE	Injury requiring medical intervention, temporary physical impairment and loss of time from employment Short to medium term environmental damage taking up to 12 months to return to preexisting conditions Financial damage/estimated cost to rectify >$5,000 & <$50,000 and/or unplanned interruption for >2 hours & <8 hours (Electricity, Gas, Water, Sewerage and tenancy unable to trade)
MAJOR	Injuries to one or multiple people requiring hospitalisation, permanent impairment and/or fatality Environmental impact beyond site boundaries, that has to be reported to the authorities Likely to cause public media interest Has long term damage to environment taking greater than 12 months or rectification Financial damage/estimated cost to rectify >$50,000 and/or unplanned interruption for >8 hours (Electricity, Gas, Water, Sewerage and tenancy unable to trade)

For more on risks you can view these articles

Add a Risk To An Asset

Edit & Close My Risks

How Do I Download All Risks Into An Excel Spreadsheet?

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