Estimation

Description

Indicators

High (Probable)

Favourable outcome is likely to be achieved in one year or better than 75% chance of occurrence.

Clear opportunity which can be relied on with reasonable certainty, to be achieved in the short term based on current management processes.

Medium (Possible)

Reasonable prospects of favourable results in one year of 25% to 75% chance of occurrence.

Opportunities which may be achievable but which require careful management.

Opportunities which may arise over and above the plan.

Low (Remote)

Some chance of favourable outcome in the medium term or less than 25% chance of occurrence

Possible opportunity which has yet to be fully investigated by management.

Opportunity for which the likelihood of success is low on the basis of management resources currently being applied.