This is a heat map graph for the Department's 2011 corporate risks. Each of the Department's nine corporate risk are plotted on this heat map graph where the "y" axis (which runs vertically from top to bottom) is labeled "Impact" representing the impact the risk event will have on departmental objectives, with "1" being the lowest (bottom of axis) and "4" being the highest impact (top of axis) and the "x" axis (which runs horizontally from left to right) is labeled "Likelihood" measuring how probable the risk event is to happen. A rating of "1" (far left of the "x" axis) measures the lowest likelihood risk and "4" (far right on the X axis) measures the most likely risk.
The intersection of the impact and the likelihood ratings for each risk is plotted on a colour coded area on the heat map where risks in the green area are considered low risk, those in yellow area moderate, those in orange area high and those in the red area extreme.
The nine risk areas identified by the Department are plotted on the heat map graph as follows:
Risk 1: Human Resources Capacity and Capability risk is rated high risk (orange) with likelihood level 3 (likely) and impact level 2 (moderate)
Risk 2: Information for Decision-making risk is rated high risk (orange) with likelihood level 3 (likely) and impact level 2 (moderate)
Risk 3: Implementation risk is rated high risk (orange) with the likelihood level 3 (likely) and impact level 3 (high)
Risk 4: Resource Alignment risk is rated high risk (orange) with likelihood level 3 and impact level 2 (moderate)
Risk 5: Government Partnership risk is rated moderate risk (yellow) with likelihood level 2 (moderate) and impact level 2 (moderate)
Risk 6: Aboriginal Relationships risk is rated moderate risk (yellow) with likelihood level 2 (moderate) and impact level 2 (moderate)
Risk 7: External Partnership risk is rated moderate risk (yellow) with likelihood level 2 (moderate) and impact level 2(moderate).
Risk 8: Legal risk is rated moderate risk (yellow) with likelihood level 2 (moderate) and impact level 2 (moderate)
Risk 9: Environmental Risk is rated high risk (orange) with the likelihood level 2 (moderate) with impact level 3 (high).