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<br />C-7 <br />Table 5. Hazard Impact on Operations <br />Hazard Type Impact Impact Factor Weighted Impact Factor (Unweighted Factor x 1) <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Determine Risk Rating for Each Hazard <br />A risk rating for each hazard is determined by multiplying the assigned probability factor by the sum of the <br />weighted impact factors for people, property and the economy: <br />– Risk Rating = Probability Factor x Weighted Impact Factor {people + property + economy} <br />Using the results developed in Tables 1, 2, 4 and 5, complete Table 6 to calculate a risk rating for each <br />hazard of concern. <br />Table 6. Hazard Risk Rating <br />Hazard Type Probability <br />Factor (P) <br />Sum of Weighted Impact Factors on <br />People, Property & Operations (I) <br />Risk Rating <br /> (P x I) <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Complete Risk Ranking in Template <br />Once Table 6 has been completed above, complete Table X-2 in your template. The hazard with the highest <br />risk rating in Table 6 should be listed at the top of Table X -2 and given a rank of 1; the hazard with the <br />second highest rating should be listed second with a rank of 2; and so on. Two hazards with equal risk <br />ratings should be given the same rank. <br />It is important to note that this exercise should not override your subjective assessment of relative risk based <br />on your knowledge of the history of natural hazard events in your jurisdiction. If this risk ranking exercise <br />generates results other that what you know based on substantiated data and documentation, you may alter <br />the ranking based on this knowledge. If this is the case, please note this fact in the comments at the end of <br />the template. Remember, one of the purposes of this exercise is to support the selection and prioritization <br />of initiatives in your plan. If you identify an initiative with a high priority that mitigates the risk of a hazard <br />you have ranked low, that project will not be competitive in the grant arena.