PROJ420 Project Risk Management Risk Breakdown Structure RBS Level 0 RBS Level 1 RBS Level 2 Technical Risk Plans not ready on time. Failed inspection. Permitting delay. Zoning issues. Errors in completion of structural foundation. Management Risk Inexperienced workforce/ Inadequate staff. Communication issues/ Lack of coordination. Budgeting Issue (Over Budget). Contractor delays. Project Risk Commercial Risk External Risk Contracting partner cannot deliver or pay the products/services as agreed. Property/Builders Risk Coverage. Contracting partner does not want to act in accordance with the agreement. You have differences in interpreting the trade agreement. Weather. Economic instability. Customs delay. Inconsistent costs, time, scope, and quality objectives. Environmental impact statement required. PROJ420 Project Risk Management Jorge Andujar, David Livorsi, Carlos Trujillo, James Williams Probability- Impact Matrix Negative Impact P R O B A B I L I T Y VHI- 18 HI- 4 MED- 2 LO- 1 LO 0.30 6,13 11 3,8,14,16 10 7,15 5,9 12 MED 0.50 HI 0.70 VHI 0.90 VLOVLO 0.10 Green Risks Risk #'s 17 VHI 0.90 Amber Risks Description 1 Plans not ready on time 2 Failed inspection 3 Permitting delay 4 Zoning issues 5 Errores in completion of structural foundation 6 Inexperienced workforce / Inadequate staf 7 Communication issues/Lack of coordination 8 Budgeting issues (over budget) 9 Contractor delays 10 Contracting partner cannot deliver or pay the products/services as agreed 11 Property/Builders risk coverage 12 Contracting partner does not want to act in accordance with the agreement 13 Diferences in interpreting the trade agreement 14 Weather conditions 15 Economic Instability 16 Customs delay 17 Inconsistent costs, time, scope, and quality objectives 18 Environmental impact statement required PxI P(.30)xI(.30)=.09 P(.50)xI(.30)=.15 P(.50)xI(.70)=.35 P(.70)xI(.50)=.35 P(.30)xI(.70)=.21 P(.50)xI(.50)=.25 P(.30)xI(.50)=.15 P(.50)xI(.70)=.35 P(.30)xI(.70)=.21 P(.50)xI(.90)=.45 P(.70)xI(.70)=.49 P(.30)xI(.90)=.27 P(.50)xI(.50)=.25 P(.50)xI(.70)=.35 P(.30)xI(.50)=.15 P(.50)xI(.70)=.35 P(.90)xI(.90)=.81 P(.90)xI(.30)=.27 Positive Impact VHI HI MED LO VLO HI 0.70 MED 0.50 Red Risks P(.30)xI(.30)=.09 P(.50)xI(.30)=.15 P(.50)xI(.70)=.35 P(.70)xI(.50)=.35 P(.30)xI(.70)=.21 P(.50)xI(.50)=.25 P(.30)xI(.50)=.15 P(.50)xI(.70)=.35 P(.30)xI(.70)=.21 P(.50)xI(.90)=.45 P(.70)xI(.70)=.49 P(.30)xI(.90)=.27 P(.50)xI(.50)=.25 P(.50)xI(.70)=.35 P(.30)xI(.50)=.15 P(.50)xI(.70)=.35 P(.90)xI(.90)=.81 P(.90)xI(.30)=.27 Type of Impact Negative Negative Negative Negative Negative Negative Negative Negative Negative Negative Negative Negative Negative Negative Negative Negative Negative Negative LO 0.30 VLO 0.10 P R O B A B I L I T Y Risk Register Project Number Project Title Risk Ref RBS Ref Risk Type (T/O) Risk Status Risk Title Risk Description Cause of Risk Effect on Objectives Objective Time Cost Quality Probability Rating (Nil/VLO/LO/MED/HI/VHI) Other Date Risk Raised Action(s) to Implement Strategy Comment/Status Risk Response - Preferred Strategy Action Owner Risk Register Client Project Manager WBS Ref Risk Owner Effect on Objectives Impact Rating (Nil/VLO/LO/MED/HI/VHI) Impact Description Date Risk Closed/Deleted/Expired/Occurred esponse - Preferred Strategy Action by Date Status