Risk Register AllLevels
Short Description
risk register...
Description
LEVEL 1 - RISK REGISTER
Example Project
Project Name:
DIST- EA
Risk Identification Status
ID #
Type
Category
Active
160
Threat
Design
Active
161
Threat
Active
162
Threat
R/W
Active
163
Threat
Construction
Active
164
Threat
Title Survey File
Environmental Challenge to EIR
Design
Active
165
Threat
Active
166
Threat
R/W
Active
167
Threat
Construction
Delay of R/W Acquisition
Buried Objects
Supplemental EIR
Environmental Nesting birds
Additional R/W
Hazardous Materials
08-1234
Project Manager
Risk Rating Risk Statement
Current status/assumptions
Inaccuracies or incomplete information in the survey file could lead to rework of the design. Potential lawsuits may challenge the environmental report, delaying the start of construction or threatening loss of funding. Due to the large number of parcels and businesses, may have to use the condemnation process to acquire R/W, which could delay start of construction by up to one year, increasing construction costs and extend the time for COS. Unanticipated buried man-made objects uncovered during construction require removal and disposal resulting in additional costs. A design change that is outside of the parameters contemplated in the Environmental Document triggers a supplemental EIR which causes a delay due to the public comment period. Nesting birds, protected from harassment under the Migratory Bird Treaty Act, may delay construction during the nesting season. Due to the complex nature of the staging, additional right of way or construction easements may be required to complete the work as contemplated, resulting in additional cost to the project. Hazardous materials encountered during construction will require an onsite storage area and potential additional costs to dispose
Level 1 Risk Register
Priority Rating
Rationale for Rating
PM Person Risk Response
Strategy
Response Actions
Risk Owner
Updated
Medium
Mitigate
Verify that the survey file is accurate and complete
Sam Owner
10/12/2012
Low
Mitigate
Address concerns of stakeholders and public during environmental process
EIR Person
11/23/2012
High
Accept
R/W Person
11/23/2012
Medium
Accept
Include a Supplemental Work item to cover this risk.
PM
11/24/2012
Low
Avoid
Monitor design changes against ED to avoid reassessment of ED unless the opportunity outweighs the threat
Design Manager
11/24/2012
Low
Mitigate
Schedule contract work to avoid the nesting season or remove nesting habitat before starting work.
PM/RE
11/24/2012
Low
Mitigate
Re-sequence the work to enable R/W Certification
R/W Person
11/24/2012
Medium
Accept
Ensure storage space will be available
PM
11/24/2012
Example Project
Project Name:
LEVEL 2 - RISK REGISTER
DIST- EA
08-1234
Probability
Cost Impact
Project Manager
Risk Identification Status
ID #
Type
Category
Active
160
Threat
Design
Active
161
Threat
Active
162
Threat
R/W
Active
163
Threat
Construction
Title Survey File
Environmental Challenge to EIR
Active
164
Threat
Design
Active
165
Threat
Active
166
Threat
R/W
Active
167
Threat
Construction
Delay of R/W Acquisition
Buried Objects
Supplemental EIR
Environmental Nesting birds
Additional R/W
Hazardous Materials
Risk Statement Inaccuracies or incomplete information in the survey file could lead to rework of the design. Potential lawsuits may challenge the environmental report, delaying the start of construction or threatening loss of funding. Due to the large number of parcels and businesses, may have to use the condemnation process to acquire R/W, which could delay start of construction by up to one year, increasing construction costs and extend the time for COS. Unanticipated buried man-made objects uncovered during construction require removal and disposal resulting in additional costs. A design change that is outside of the parameters contemplated in the Environmental Document triggers a supplemental EIR which causes a delay due to the public comment period. Nesting birds, protected from harassment under the Migratory Bird Treaty Act, may delay construction during the nesting season. Due to the complex nature of the staging, additional right of way or construction easements may be required to complete the work as contemplated, resulting in additional cost to the project. Hazardous materials encountered during construction will require an onsite storage area and potential additional costs to dispose
PM Person
Risk Assessment Current status/assumptions
Cost Score Time Impact
Risk Response
Time Score
Rationale
Strategy
Response Actions
Risk Owner
Updated
Sam Owner
10/12/2012
EIR Person
11/23/2012
R/W Person
11/23/2012
3-Moderate
2 -Low
6
4 -Moderate
12
Mitigate
Verify that the survey file is accurate and complete
1-Very Low
4 -Moderate
4
8 -High
8
Mitigate
Address concerns of stakeholders and public during environmental process
3-Moderate
4 -Moderate
12
8 -High
24
Accept
3-Moderate
4 -Moderate
12
4 -Moderate
12
Accept
Include a Supplemental Work item to cover this risk.
PM
11/24/2012
3-Moderate
4 -Moderate
12
8 -High
24
Avoid
Monitor design changes against ED to avoid reassessment of ED unless the opportunity outweighs the threat
Design Manager
11/24/2012
2-Low
2 -Low
4
8 -High
16
Mitigate
Schedule contract work to avoid the nesting season or remove nesting habitat before starting work.
PM/RE
11/24/2012
3-Moderate
8 -High
24
8 -High
24
Mitigate
Re-sequence the work to enable R/W Certification
R/W Person
11/24/2012
2-Low
2 -Low
4
1 -Very Low
2
Accept
Ensure storage space will be available
PM
11/24/2012
Level 2 Risk Register
LEVEL 3 - RISK REGISTER
Example Project
Project Name:
DIST- EA
Project Manager
08-1234
PM Person
Risk Assessment Risk Identification Status
ID #
Category
Active
160
Design
Active
161
Active
162
R/W
Active
163
Construction
Title Survey File
Environmental Challenge to EIR
Active
164
Design
Active
165
Active
166
R/W
Active
167
Construction
Delay of R/W Acquisition
Buried Objects
Supplemental EIR
Environmental Nesting birds
Additional R/W
Hazardous Materials
Risk Statement Inaccuracies or incomplete information in the survey file could lead to rework of the design. Potential lawsuits may challenge the environmental report, delaying the start of construction or threatening loss of funding. Due to the large number of parcels and businesses, may have to use the condemnation process to acquire R/W, which could delay start of construction by up to one year, increasing construction costs and extend the time for COS. Unanticipated buried man-made objects uncovered during construction require removal and disposal resulting in additional costs. A design change that is outside of the parameters contemplated in the Environmental Document triggers a supplemental EIR which causes a delay due to the public comment period. Nesting birds, protected from harassment under the Migratory Bird Treaty Act, may delay construction during the nesting season. Due to the complex nature of the staging, additional right of way or construction easements may be required to complete the work as contemplated, resulting in additional cost to the project. Hazardous materials encountered during construction will require an onsite storage area and potential additional costs to dispose
Probability Current status/assumptions
Low
Cost Impact ($) Low
High
Most likely
40
60
$
100,000
0
10
$
500,000
$
40
60
$
500,000
$
20
40
$
200,000
10
30
$
100,000
0
20
$
150,000
40
60
$
500,000
20
40
$
100,000
$
$
Time Impact (days) High
Probable
Low
Most likely
High
Risk Response
Rationale Probable
Strategy
Risk Owner
Updated
Mitigate
Verify that the survey file is accurate and complete
Sam Owner
10/12/2012
Address concerns of stakeholders and public during environmental process
EIR Person
11/23/2012
R/W Person
11/23/2012
PM
11/24/2012
$
300,000
$
100,000
800,000
$
1,200,000
$
42,000
60
150
5
Mitigate
750,000
$
2,000,000
$
542,000
180
365
136
Accept
$
400,000
$
90,000
$
400,000
$
47,000
0
60
$
300,000
$
23,000
0
30
$
1,000,000
$
$
300,000
$
200,000
750,000
Level 3 Risk Register
Response Actions
Accept
Include a Supplemental Work item to cover this risk.
6
Avoid
Monitor design changes against ED to avoid reassessment of ED unless the opportunity outweighs the threat
2
Mitigate
Schedule contract work to avoid the nesting season or remove nesting habitat before starting work.
375,000
Mitigate
60,000
Accept
Design Manager 11/24/2012
PM/RE
11/24/2012
Re-sequence the work to enable R/W Certification
R/W Person
11/24/2012
Ensure storage space will be available
PM
11/24/2012
Rating -->
Very Low
Impact Definitions Low Moderate
High
Insignificant cost increase
3 months improvement 60–99%
8 High
16 Very High
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