Access to Services
Processes
Governance People
Business Interruption
Strategic Planning Financial
Emergency Response
Ethics & Values Technology
OPERATIONAL
Stakeholder Relations Infrastructure
STRATEGIC ENABLERS
Internal Risks
External Risks
Demand Socio-political
Regulatory Economical Environment
Risk
RiskCategories
Categories
Project
Product Design System / Software Manufacturing Quality Project All Others
Product Design System / Software Manufacturing Quality Management All Others
Management
Product Performance Data Accuracy Assembly Quality system Team work Consumer service
Design System/ Software Tools Sigma Levels Product cost Environment
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Risk
RiskAppetite
AppetiteTable
Table
Obtain an estimate of the risk appetite of the shareholders with the help of the below bar
graph. This will help in assessing the acceptable risk level
High
Exceed Risk Appetite
High
Impact
Medium
Medium
Within Risk Appetite
Low
Low
Low Medium High
Low Medium High
Likelihood
Risk
RiskImpact
Impact&&Probability
ProbabilityAnalysis
Analysis
Cost
Cost Time
Time Quality
Quality
Manageable by exchange against Internal Slight reduction in quality/scope, no overall
Very
VeryLow
Low Slight slippage against internal targets
budgets impact
Require some additional funding from Slight slippage against key milestones or
Low
Low Failure to include certain ‘nice to have’ elements
Institution published targets
Requires Significant additional funding from Delay affects key stakeholders – loss of Significant elements of scope for functionality
Medium
Medium Institution confidence in the project will be unavailable.
Requires Significant reallocation of Institutional Failure to meet key deadlines in relation to Failure to meet the needs of a large proportion
High
High funds (or borrowing) academic year or strategic plan of stakeholders
Very
VeryHigh
High Increases threaten viability of project Delay jeopardizes viability of project Project outcomes effectively unusable
Risk
RiskAssessment
Assessment
Probability Impact Risk Map
Probability Impact Risk Map
› Major uncertainties remain › Performance, quality, cost or safety
High (5) › No or little prior experience or data impacts resulting in major redesign and
Low Med High Critical
High (5) › Infrastructure and/or resources not in place program delay
No concern 1 2 3 4
› Some uncertainties remain › Performance, quality, cost and/or safety
Medium (3) › Some experience and data exist impacts resulting in minor redesign and Proceed w/ 2 4 6 8
Medium (3) › Infrastructure in place but under-resourced schedule adjustment
caution 2 4 8
Significant risk 3 6 9 12
3 6 9 12
› Few uncertainties remain
› Performance, quality, cost and safety Show stopper 4 8 12 16
Low (1) › Significant experience and data exist
Low (1) requirements met within planned schedule 4 8 12 16
› Infrastructure in place and fully
RISK SCORING SYSTEM
Consequences Likelihood of Occurrence Likelihood of Detection
1. No. direct effect on operating service level E. Probability of once in many years A. Detectability is very high
2. Minor deterioration in operating service level D. Probability of once in many operating months B. Considerable warning of failure before occurrence
3. Definite reduction in operating service level C. Probability of once in some operating weeks C. Some warning of failure before occurrence
4. Source deterioration in operating service level B. Probability of weekly occurrence D. Little warning of failure before occurrence
5. Operating service level approaches zero A. Probability of daily occurrence E. Detectability is effectively zero
Risk
RiskAssessment
Assessment(Cont.)
(Cont.)
CONSEQUENCES
Insignificant Minor Moderate Major Catastrophic
Insignificant Minor Moderate Major Catastrophic
LIKELIHOOD 1 2 3 4 5
A. Almost Certain - - - - -
B. Likely - - - - -
C. Possible - - - - -
D. Unlikely - - - - -
E. Rare - - - - -
Low Risk Moderate Risk High Risk Extreme Risk
Managed by Managed by specific Management responsibility Immediate Action where senior management
routine process responsible person Should be specified get involved
Risk
RiskMitigation
MitigationPlan
Plan
TECHNICAL
CLIENT MANAGEMENT SERVER
IDENTIFIED
IDENTIFIED RISK IDENTIFIED RISK
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