NASA Risk Matrix: Likelihood And Consequence

The two main factors that impact the level of risk:

1. The Likelihood: How likely is the risk of the potential change to occur.
2. The Consequence: The level of the impact of the departure from the original plan.

The consequence ‘scorecard’ evaluates the likelihood of the risk and the level of impact (like loss of human life, or the impact on the main goal) to determine the severity of the risk.