I have always liked the use of likelihood descriptors if using a risk matrix approach - in the past for construction projects I have found the type of "a similar event has occurred within this; plant, site, company, industry, etc." to be much more consistent than the "highly likely - highly unlikely" scale... especially for the poor person that has to read the assessment/report in the future.Gather data about similar events of concern. Why did they happen? What's different.
Don't use likelihood words. They mean whatever a reader wants them to mean. — Chris Peace
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