APPENDIX ABS STATISTICAL RISK ASSESSMENT FRAMEWORK
The ABS Statistical Risk Assessment Framework can be used in several ways to assist in the development of quality gates for a statistical process. The Statistical Risk Assessment Framework can be used to assist in assessing the level of risk to the process, statistical outputs, and organisation of a particular situation occurring. It can also assist with the "action" that should be taken if a quality gate is failed.
The Statistical Risk Assessment Framework cross classifies the levels of "Likelihood" (chance of the risk occurring) and "Consequence" (effect on the immediate process or statistical outputs of the risk occurring) to reveal an overall assessment of the risk which could be either Low (L), Moderate (M), High (H) or Extreme (E) to help with decision making.
|Descriptor ||Detail Description |
|Insignificant ||The issues to the process can be dealt with through routine maintenance. There would be no consequences to the overall organisation. |
|Minor ||The issues would threaten the efficiency or effectiveness of some aspects of the process but can be dealt with internally. There would be no consequences to the overall organisation. |
|Moderate ||The issues would not threaten the statistical output, but could cause delays in the process. There may be some timeliness issues which may impact on the reputation of the organisation. |
|Major ||The issues would threaten the survival of the statistical collection or the continuation of the process, or require the intervention of top level management. The risk of the issues seriously threatening the credibility or reputation of the organisation would be high. |
|Severe ||The issues would threaten the survival of not only the process but the organisation. The risk of the issues seriously threatening the credibility or reputation of the organisation would be extremely high. |
|Descriptor ||Example Detail Description |
|Almost Certain ||Expected to occur in most circumstances |
|Likely ||Will probably occur in most circumstances |
|Possible ||Will occur at some time |
|Unlikely ||Could occur at some time |
|Rarly ||May occur only in exceptional circumstances |
The ABS maintains ownership of this Statistical Risk Assessment Framework and reserves the right to update the framework as part of an ongoing commitment to continuous quality improvement.
This page last updated 22 December 2010