2. Project Risk Assessment
2.1Risk Rating Methodology
Wooden Castle an environmental friendly company aims to avoid and eliminate those possible risk may happen on our company.
The Following Risk Rating shows the least and most causes of problems and we need to prevent those high risk as well as the least. Consequence | Rating | Insignificant | Minor | Moderate | Major | Catastrophic | Almost Certain | | | | Traffic in terms of Delivering | Pests (Termites, Ants) | Likely | Expenses on Customizing | Equipment and Supply Cost | Distance | | Natural Disaster | Possible | | | Sales Volume | Damages on Product | Fire | Unlikely | Salary Cost | Actions of your Competitors | Changing Tastes and Trends | | Availability of raw materials | rare | Prices of Goods and Services to Customer | | | Business Interruption | Business Shutdown |

Extreme High Medium Low

Rating It define how risky those problems shows above and what attention needs to be to prevent.

Insignificant It is the lease priority not complicated and easy to solve.

Minor Next to insignificant which easy to prevent but need actions and effort to avoid.

Moderate Risks that need to make a plan to avoid and have to manage and need to make some options if happened.

Major Complicated Risk that needs a team effort, attention, options and required a full solution and actions.

Catastrophic Very Risky can’t prevent but need a solution when it happened recommendation and professional advice.

Those risk need to avoid for some reasons and bear in mind that you’ve work hard to build your business and you’ve poured a lot of time effort and money into identifying loss