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Adactus Housing Association

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Last updated 15/03/2016

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  • Overview

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    This article provides access to the board's current assessment of the Group's risks and controls.

  • Methodology

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    Risks are quantified by multiplying their Likelihood by their Impact.  The scores used for this are shown below: 

    Likelihood Impact
    Assessment Score Assessment Score
    Almost certain 5 Catastrophic 5
    Likely 4 Major 4
    Possible 3 Moderate 3
    Unlikely 2 Minor 2
    Rare 1 Insignificant 1

     

     As an example, if a risk is considered to be Unlikely to occur but potentially Catastrophic, it is scored the as 2 x 5 =10.

  • Risk Map

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    Risks are reviewed on a quarterly basis in accordance with the Group's Risk Management Strategy.  We publish the Group's assessment of risks and controls as an interactive Risk Map.  Users can can click on a risk and view its controls.

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  • 15/03/2016

    Updated by Athanasios Protopapas on 15/03/2016 11:15:52

    Comment: Updated chapter on Risk Map to be accessible via direct link.

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  • 13/08/2015

    Updated by Suzannah Robinson on 13/08/2015 14:13:58

    Comment: risk map updated

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    Chapter titled "Risk Map" content changed.
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  • 04/03/2014

    Updated by Brian Moran on 04/03/2014 13:20:17

    Comment: New article

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    Chapter titled "Methodology" content changed.
    Chapter titled "Risk Map" content changed.
    Chapter titled "Risk Map" content changed.

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