Using a risk matrix, show how the proposed controls will assist the organization to manage the risks? you need to plot a graph showing the quadrants and where the risks are located & what happens to them as the controls are applied

Cost budget of the project CAPITAL PROJECTS RISK MATRIX CONSEQUENCE Consequence Type 1 - Insignificant 2 - Minor 3 - Moderate 4 - High 5 - Major Less Than 1% impact on overall project overrun equal to or more than 1% and May result in overal project timeline May result in overal project timeline May result in overal project timeline Schedule May result in overal project timeline timeline overrun of equal to or more than 3% and overrun of equal to or more than 10% overrun of 30% or more less than 3% less than 10% and less than 30% Less than 1% impact on the overall May result in overal project budget May result in overal project budget May result in overal project budget overrun equal to or more than 1% and May result in overal project budget overrun of equal to or more than 3% and overrun of equal to or more than 10% overrun of 30% or more less than 3% less than 10% and less than 30% Quality issues that can be addressed Quality issues that can be addressed Quality issues that require significant Quality and Technical Integrity deliverable or effect on production No significant impact on quality of prior to handover or could affect during ramp-up or could affect Quality issues that require significant intervention to maintain performance or intervention to achieve performance or production by more than 1% and less production by more than 3% and less could affect production by more than could affect production by 30% or more than 3% than 10% 10% and less than 30% Safety First aid case Medical treatment case Lost time injury Permanent disability or single fatality Numerous permanent disabilities or multiple fatalities Exposure to health hazards/ agents Exposure to health hazards/ agents Exposure to health hazards/ agents Exposure to health hazard resulting in reversible (over the OEL) resulting i Occupational Health Exposure to health hazard resulting in (significantly over the OEL) resulting in significantly over the OEL) resulting in temporary discomfort symptoms requiring medical intervention impact on health (with lost time) or irreversible impact on health with loss of irreversible impact on health with loss of and full recovery (no lost time) permanent change with no disability or quality of life or single fatality quality of life of a numerous loss of quality of life group/population or multiple fatalities Lasting days or less; limited to small Lasting weeks; reduced area (hundreds Lasting months; impact on an extended Lastngyears; impact on sub-basin; Permanent Impact; affects a whole Environmentarea (metres); receptor of low of matres); no environmentally sensitive area kilometres); area with some environmentally sensitive environment/ basin or rion; highly sensitive significancel senstivity (industrial area) species habitate) environmental sensitivity (scarcel receptor (endangerous species/ environment (endangerous species, valuable environment) habitats) wetlands, protected habitats) Technical non-compliance. No warning Breach of regulatory requirements; Minor breach of law; report/investigation Breach of the law; may attract criminal Significant breach of the law. Individual Legal & Regulatory recieved; no rergulatory reporting report/involvement ofauthority. Attracts by authority. Attracts compensation/ prosecution, penalities enforcement or company law suits; permit tooperate required administrative fine penalities/enforcement action Jaction. Individual licence temporarily substantially modified or withdrawn revoked Some impacts on local population, Minor disturbance of culturalsocial On going social issues. Isolated Significant social impacts. Organized Major widespread social impacts; mostly repairable. Single stakeholder complaints from community members community protests threatening Community reaction affecting business complaint in reportion period stake holders continuity of operations continuity, "License tooperate" under jeopardy Local impact; public concern/ adverse Noticeable reputational damage; Reputation Minor impact; awareness/ concern from Limited impact; concern/ complaints from certain groups/orginizations (e.g. specific indviduals publicity localised within neighbouring Suspected reputational damage; local/ national international public attention NGOs) period communities regional public concern and re actions and repercussions Consequence Type 1 - Insignificant 2 - Minor 3- Moderate 4- High 5 - Major LIKELIHOOD RISK RATING 5 - Almost certain 90% and higher likelihood of occuriong 11 16 20 23 25 >90% (Medium) (Significant) (Significant) (High) (High) 4 - Likely Between 30% and less than 90% 12 17 21 24 30% 90% likelihood of occuring (Medium) (Medium) (Significant) (High) (High) 3 - Possible Between 10% and less than 30% 13 10% 30% likelihood of occuring (Low) (Medium) (Significant) (Significant) (High) 2 - Unlikely Between 3% and less than 10% 14 3%_10% likelihood of occuring (Low) (Low) (Medium) (Significant) (Significant) 1 - Rare Less than 3% likelihood of occuring 3 10 15 90% (Medium) (Significant) (Significant) (High) (High) 4 - Likely Between 30% and less than 90% 12 17 21 24 30% 90% likelihood of occuring (Medium) (Medium) (Significant) (High) (High) 3 - Possible Between 10% and less than 30% 13 10% 30% likelihood of occuring (Low) (Medium) (Significant) (Significant) (High) 2 - Unlikely Between 3% and less than 10% 14 3%_10% likelihood of occuring (Low) (Low) (Medium) (Significant) (Significant) 1 - Rare Less than 3% likelihood of occuring 3 10 15