Cryogenic Storage & LNG Equipment worked example

Cryogenic Supplier Risk with severity of failure if this cryogenic supplier slips of 15 score: a worked example

What does the result look like when severity of failure if this cryogenic supplier slips reaches 15 score? The full calculation is worked below with real intermediate numbers. Use it when cryogenic supplier risk in cryogenic storage and lng equipment needs a defensible ranking against other cryogenic storage and lng equipment risks for the next review.

The inputs for this scenario

  • Severity of failure if this cryogenic supplier slips: 15 score (raised for this scenario; the documented default is 6)
  • Likelihood of a defect or delay from this supplier: 4 score (unchanged)
  • Ability of incoming inspection to catch the problem: 3 score (unchanged)

Working through the calculation

  • Applying the documented formula (Cryogenic supplier risk score = supplier impact severity × supplier issue occurrence × supplier control detection) to the inputs above produces each figure below.
  • At this operating point the engine returns 8.15 score for cryogenic supplier risk score, the number this scenario is built around.
  • At this operating point the engine returns 15 score for supplier impact severity.
  • At this operating point the engine returns 4 score for supplier issue occurrence.
  • At this operating point the engine returns 3 score for supplier control detection.

How this compares with the baseline

  • Against the tool's baseline example, where severity of failure if this cryogenic supplier slips sits at 6 score and the headline result is 4.55 score, this scenario comes in 79.12% above the baseline at 8.15 score.
  • A figure at this level is achievable when severity of failure if this cryogenic supplier slips is genuinely sustained, not just peaked for a shift. The score is only comparable when every supplier is rated on the identical scale; mixing 1-5 and 1-10 anchors or letting different engineers anchor severity differently makes the ranking meaningless.

Results at a glance

  • Cryogenic supplier risk score: 8.15 score (headline result)
  • Supplier impact severity: 15 score
  • Supplier issue occurrence: 4 score
  • Supplier control detection: 3 score

Run it with your numbers

  • Every input above is editable in the live Cryogenic Supplier Risk calculator, which recalculates instantly and can be shared with the inputs intact.

Last reviewed 2026-05-12.