Risk Assessment Calculator Risk Assessment Calculator Hazard Severity (1-5): 1 – Very Low 2 – Low 3 – Medium 4 – High 5 – Very High Likelihood (1-5): 1 – Rare 2 – Unlikely 3 – Possible 4 – Likely 5 – Very Likely Exposure (1-5): 1 – Very Low 2 – Low 3 – Medium 4 – High 5 – Very High Calculate Risk Risk Score: – * Based on standard risk assessment formula