JCU Risk Criteria

The JCU Risk Criteria is outlined in the below tables. The tables have been taken from the JCU Risk Management Framework and Plan (PDF, 556 KB) for viewing directly.

Likelihood ratings

Rating	Likelihood	Description	Quantification
1	Rare	The event may occur but only in exceptional circumstances and/or no past event history.	May occur within every 10 year period or more.
2	Unlikely	The event could occur in some circumstances. No past event history.	Could occur within a 5 to 10 year period.
3	Possible	The event may occur sometime. Some past warning signs or previous event history.	Could occur within a 1 to 5 year period.
4	Likely	The event will probably occur. Some recurring past event history	Could occur within a 3 to 12 month period.
5	Almost Certain	The event is expected to occur in normal circumstances. There has been frequent past history.	Likely to occur within a 3 month period or during the performance of an actual task.

Impact on objectives	Business area	Impact
Most business objectives can no longer be achieved. Complete revision of long term business model required.	Financial	>10% recurrent reduction in operating fund revenue, one off loss of >$50m, Inability to pay staff and creditors
	Academic	Loss of accreditation of multiple courses, institutionalised and/or systemic fraud or misconduct in academic activities including enrolments and examination processes, loss of flagship research projects
	Reputation	Sustained negative national and international publicity resulting in significant loss of funding, staff and/or students
	Business Disruption	Unavailability of critical infrastructure, utilities and/or ICT services >2 weeks, inability to deliver face to face courses >1 semester
	People	Systemic failure to properly deal with serious grievances, sustained high levels of staff turnover across entire university, university-wide staff unrest and/or sustained industrial action
	Compliance & Liability	Successful class actions or serious prosecution, repeated breaches of significant contractual arrangements, significant statutory intervention due to serious breach of legislation
	Workplace Health & Safety	Fatality, prosecution or legislative non-compliance impacts a substantial part or whole of University with significant works >$100k.

Impact on objectives	Business area	Impact
A number of significant business objectives can no longer be achieved.	Financial	5-10% recurrent reduction in operating fund revenue, one off loss of between $20m and $50m, short term inability to pay staff and creditors
	Academic	Loss of mandatory accreditation of single course, localised fraud or misconduct in academic activities including enrolments and examination processes, loss of multiple significant research projects
	Reputation	Significant negative publicity resulting in some loss of funding, staff and/or students
	Business Disruption	Unavailability of critical infrastructure, utilities and/or ICT services between 1 and 2 weeks, inability to deliver face to face courses between 1 month and 1 semester
	People	One off failure to properly deal with serious grievances, inability to attract or retain key staff in multiple disciplines, significant staff unrest and/or industrial action at Division level
	Compliance & Liability	One off serious successful prosecution or adverse findings, breach of significant contractual arrangement, statutory intervention due to breach of legislation
	Workplace Health & Safety	Significant lost time injury (>6 months), notifiable event, finding, notice, suspension of work impacts a substantial part or whole of University with major works between $50-100k.

Impact on objectives	Business area	Impact
Some important business objectives can no longer be achieved.	Financial	1-5% recurrent reduction in operating fund revenue, one off loss of between $5m and $20m
	Academic	Loss of voluntary accreditation of single course, localised fraud or misconduct in academic activities, loss of significant research project
	Reputation	One off negative publicity requiring some management resources to deal with
	Business Disruption	Unavailability of critical infrastructure, utilities and/or ICT services between 3-5 days, inability to deliver face to face courses between 1-4 weeks
	People	Multiple injuries requiring medical treatment, inability to attract or retain key staff in one or two disciplines, negative impact on morale across university
	Compliance & Liability	One off breach of legal or contractual arrangements requiring legal or regulatory intervention
	Workplace Health & Safety	Lost time injury (<6 months); impacts a moderate to substantial part of University with moderate works between $10-50k.

Impact on objectives	Business area	Impact
Some reprioritisation of resources required to enable key business objectives to be achieved.	Financial	0.25-1% recurrent reduction in operating fund revenue, one off loss of between $1m and $5m
	Academic	One off instances of minor misconduct dealt with according to normal procedures, loss of research project
	Reputation	One off negative local publicity not requiring management intervention
	Business Disruption	Unavailability of critical infrastructure, utilities and/or ICT services between 1-3 days, inability to deliver face to face courses between 2-7 days
	People	Inability to attract or retain key staff in specialised area, negative impact on morale in a Division
	Compliance & Liability	Minor breach of regulations or standards
	Workplace Health & Safety	Incident including medical treatment, near miss, safety finding resolved in 3 days, impacts a minor part of University with minor works <$10k

Impact on objectives	Business area	Impact
Little or no impact on business objectives.	Financial	<0.25% recurrent reduction in operating fund revenue, one off loss of <$1m
	Academic	Minor academic indiscretions dealt with according to normal procedures
	Reputation	One off media enquiries or neutral press coverage
	Business Disruption	Unavailability of critical infrastructure, utilities and/or ICT services <1 day, inability to deliver face to face courses <2 days
	People	Minor incidents or near misses, one off localised negative impact on morale
	Compliance & Liability	Minor technical breach of standards
	Workplace Health & Safety	Incident including first aid, workplace hazard contained immediately and no ongoing safety risk impact. No known similar risk within University

Rating	Effectiveness	Description
1	Not Effective	Control(s) does not address risk or no controls identified, or controls identified and address risk, but not implemented.
2	Somewhat Effective	Control(s) exist, but not very effective as control design can be improved, better communicated and implemented.
3	Reasonably Effective	Control(s) mostly reliable and effective. Documentation exists, but can be better communicate. Testing and monitoring of controls needs to be improved.
4	Highly Effective	Control(s) fully verified and tested as reliable and effective. Fully documented process and well communicated.