5-2 Activity: Risk Register

Risk 163

Risk Log

Risk Probability Impact Response Action

Requested completion date not workable

High Very high

Negotiate Procurement lead

Necessary personnel not available to meet schedule

High Very high

Negotiate Procurement lead

Team meetings not attended

Moderate High Determine better meeting time and place

Procurement lead

No competitors in market

Moderate Very high

Find and research competitors in this industry and market

Financial analyst

IBP insists on sole- sourced process

Moderate Very high

RFS completely filled out and signed; advise management

Procurement lead

Scope of work not detailed enough

High Very high

Face-to-face (or telephone) interview with SME

Procurement lead

Funding not adequate to provide requested services

Moderate Very high

Negotiate funding levels Procurement lead

Funding level does not provide savings

Moderate Low Negotiate lower spend levels Negotiation lead

RFP not delivered on time

High Very high

Allow enough time for drafting and reviewing RFP

Procurement lead (RFP writer)

RFP responses late Moderate High Allow enough time for questions, responses, and finalizing responses

Procurement lead

RFP responses inadequate

Moderate Very high

Include extremely detailed scope of work, specifications, draft contract, responses to all RFP questions from suppliers; amend RFP as needed

Procurement lead (RFP writer)

Response evaluation delayed

High Very high

Negotiate work assignments of team members as necessary

Procurement lead

Top three competitors’ oral presentations delayed schedule

Moderate High Allow enough time Procurement lead

Weather adversely impacted oral presentation schedule

Low High Allow float time for oral presentation schedule

Procurement lead

Figure 7-9. Risk log with actions.