The company has considered risks associated with its business opportunities and operations. Risks are assessed based on likelihood and impact of occurrence on a low, medium, high scale. Risks are accepted for treatment over a period of time dependent on criticality. The objective is to review and mitigate the highest risks on a quarterly basis.
Impact | Likelihood | ||
Low | Med | High | |
Low | 36 mos | 12 mos | 6 mos |
Med | 12 mos | 9 mos | 3 mos |
High | 6 mos | 3 mos | 1 mos |