Our analysts use a common approach to the assessment of risk likelihood and risk impact based on the methodology of AS 4360.
To see the full Risk Assessment process or to request a Risk Assessment please contact us at firstname.lastname@example.org; +357 25 823 593
The following table is a risk likelihood assessment tool which our analysts employ to indicate quantitative measures of likelihood, i.e. the probability of a given threat or opportunity occurring.
The following table indicates qualitative measures of impact, i.e. the specific damage or consequence to a vessel and/or shipowning, ship management company of a given threat occurring.
RISK ANALYSIS MATRIX
By combining the Likelihood and the Impact rating, the following risk analysis matrix is achieved.
Finally, using the above table the risks of any given activity at a certain period of time are identified along with the required measures to mitigate that risk.