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Thank's, guys. Y'all are all hitting the points I found running through my head as I looked it over. Stig, I'm sure you are right, this is generated from a PNW conifer faller's view of the world.

All valid points. For myself, I'm less than convinced of it's utility, mainly for the reasons Pete and Willie mention. One useful purpose may just be the emphasis it places on cumulative risk from several different factors, as a way to demonstrate that to sawyers not yet at the journeyman...

This recently came across my desk...a numeric system to evaluate level of risk, especially allowing for the analysis of the risk that accrues when multiple risk factors are present in a tree. It bears the logo of Western Forest Products, a big timber and lumber producer located in coastal BC...