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High-Impact-High-Probability (HI-HP)
An event that has both a high Probability of Failure (PoF) and also a significant Consequences of Failure (CoF) for the organization.

HI-HP risk events are recorded on the risk register and appear in the top right-hand quadrant of the risk matrix (Quadrant 1).

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P
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b
a
b
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l
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LI-HP
Quadrant 3




HP-HI
Quadrant 1



LI-LP
Quadrant 4



HI-LP
Quadrant 2

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Examples of HI-HP Events




Attributes of HI-HP Events
HILP risks are recorded on the risk register and appear in the top right-hand quadrant of the risk matrix.



Treatment Strategies for HI-HP Events
Listed below are some of the treatment options for events in this category:
  • Capital investment

Risk-based decision making is at the heart of asset management and this requires mindful consideration of the relationship between the probability of failure (PoF) and the consequences of failure (CoF). The complexities of these correlations can sometimes be captured on a risk matrix.
Fig. Risk-based decision making is at the heart of asset management and this requires mindful consideration of the relationship between the probability of failure (PoF) and the consequences of failure (CoF). The complexities of these correlations can sometimes be captured on a risk matrix.


See also:


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