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Risk Assessment and Allocation for Highway Construction Management

Risk Management Matrix - High Probability, High Impact

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Figure 10: Likelihood-impact matrix for the Federal Lands Highway Division

Likelyhood Negative Impact-Threats
VLO
Negative Impact-Threats
LO
Negative Impact-Threats
MED
Negative Impact-Threats
HI
Negative Impact-Threats
VHI
Positive Impact-Opportunities
VHI
Positive Impact-Opportunities
HI
Positive Impact-Opportunities
MED
Positive Impact-Opportunities
LO
Positive Impact-Opportunities
VLO
VHI Monitor Monitor Urgent Urgent Urgent Urgent Urgent Urgent Monitor Monitor
HI OK Monitor Monitor Urgent Urgent Urgent Urgent Monitor Monitor OK
MED OK OK Monitor Monitor Urgent Urgent Monitor Monitor OK OK
LO OK OK OK Monitor Urgent Urgent Monitor OK OK OK
VL OK OK OK Monitor Monitor Monitor Monitor OK OK OK

Table showing the Likelihood-Impact Matrix for the Federal Lands Highway Division. Likelihood values run on the y-axis; they are: Very High (VHI), High (HI), Medium (MED), Low (LO), and Very Low (VLO). On the x-axis, from left to right are Negative Impacts or Threats ranging in ascending order from Very Low (VLO) to Very High (VHI), followed by Positive Impacts or Opportunities, in descending order, ranging from Very High (VHI) to Very Low (VLO). The level of Risk indicated for each combination is noted as being Urgent, Monitor, or OK.

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This page last modified on 11/15/07
 

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