Table 1.
Risk Grades | Range of Risk Value | Acceptability | |
---|---|---|---|
Grade I | Extremely low risk | <10−6 | Completely accept |
Grade II | Low risk | (10−6, 10−5) | Not willing to care about the risk |
Grade III | Low-medium risk | (10−5, 5 × 10−5) | Do not mind about the risk |
Grade IV | Medium risk | (5 × 10−5, 10−4) | Care about the risk |
Grade V | Medium-high risk | (10−4, 5 × 10−4) | Care about the risk and willing to invest |
Grade VI | High risk | (5 × 10−4, 10−3) | Pay attention to the risk and take action to solve it |
Grade VII | Extremely high risk | >10−3 | Reject the risk and must solve it |