Ahm62
ahm62
HW7FormatRiskMgmt1.pptxProject: <insert project name> PM: <insert name> “Project Risk” Status as of: <insert date>
Type:
ID:
Title:
Description:
Assessment
(Probability) X (Impact) = Exposure
Mitigation:
Status:
Precedent:
Comments:
Project: <insert project name> PM: <insert name> “Operational Risk” Status as of: <insert date>
Type:
ID:
Title:
Description:
Assessment
(Probability) X (Impact) = Exposure
Mitigation:
Status:
Precedent:
Comments:
Project: <Example Project> PM: John Doe “Risk Portfolio Summary” Status as of: 3 NOV ‘14
Low
High
Low
High
Impact
Probability
A
B
C
D
Red = Critical
Yellow = Watch
Green = Managed
White = Closed
Project: <Example Project> PM: Jane Doe “Project Risk” Status as of: 3 NOV ‘14
Type: External – Predictable Risk
ID: A
Title: Customer Scope Change
Description: Add water storage analysis to study.
Assessment
(Probability) X (Impact) = Exposure
(Low 10%) x (High $250K) = $25K
Mitigation: Contract Change Mgmt. Process
Status: Open - Green
Precedent: Customer Request
Comments:
Project: <Example Project> PM: Jane Doe “Project Risk” Status as of: 3 NOV ‘14
Type: Internal Non-technical Risk
ID: B
Title: Loss of Key Resource
Description: Study requires key resources with appropriate experience.
Assessment
(Probability) X (Impact) = Exposure
(Low 10%) x (Low $50K) = $5K
Mitigation: Staff with redundant skills / cross coverage.
Status: Closed
Precedent: N/A
Comments: Also considered contract for contingency backup personnel.
Project: <Example Project> PM: Jane Doe “Project Risk” Status as of: 3 NOV ‘14
Type: Internal Technical Risk
ID: C
Title: Advent of New Water Treatment Process.
Description: Project S.O.W. presumes waste water treatment & aquifer re-charge. Other alternate options not planned in study.
Assessment
(Probability) X (Impact) = Exposure
(Low 1%) x (Low $125K) = $1.25K
Mitigation: Contract change management process.
Status: Open - Green
Precedent: Customer request.
Comments:
Project: <Example Project> PM: “Project Risk” Status as of: 3 NOV ‘14
Type: Legal Risk
ID: D
Title: Intellectual Property Challenge
Description: Potential risk of a contract study participant (s) using analytical tools and/or data that is proprietary to another business entity.
Assessment
(Probability) X (Impact) = Exposure
(High 75%) x (High $250K) = $187.5K
Mitigation: TBD – see comments
Status: Open - Red
Precedent: Active (on-going reviews & monitoring)
Comments: In work – to be addressed with legal & study team participant prior to project kick off + on-going reviews & monitoring.
