Project Risk Analysis.pdf

Project Risk Log Template Wilmont's Pharmacy Drone Project Rev: 00, Date: 15th Apr 2020 Risk ID

Priority

WBS

Responsible Person

Dates

Risk Description

1

2

2

1

1.2.1.

1.2.2.

William Holt

Luis Villegas

The actual cost of the project exceeds the agreed cost The customer is not satisfied with the prototype

3

2

1.3.4.

William Holt

4

3

1.2.1.

William Holt, Luis Villegas

Impact Rating Scale 5 6 7

5 4 3 2 1

2 Very High High 2 Moderate Low 2 Very Low

8 2 Likelihood Rating Scale 5 Nearly Certain 4 Likely 3 Possible 2 Unlikely 1 Rare

Cost 1.3.1.

William Holt >$10,000 <$8,000 William Holt, Luis 1.3.3. <$5,000Villegas <$3,000 1.2.1; 1.4.1 <$500 Geral Hasper 1.5.1.

Design is not completed in a timely manner Schedule Delay in materials arriving, or materials unavailable > 4 weeks delay > 2 weeks delay Develop system takes longer than expected > 1 weeks delay 1 weeks delay Tests find<serious flight errors ondrones 1 day delay

Impact Rating

Severity

04.06.20

5

3

15

> 4 weeks delay < 1 weeks delay

04.06.20

5

3

15

> 4 weeks delay

04.06.20 Description

5

2

10

> 4 weeks delay < 1 weeks delay

Health, Safety 3 and the Environment

1

3

> 1 weeks delay

1 day delay

3

15

> 2 weeks delay

1 day delay

3

15

> 4 weeks delay

>20% time increase 04.06.20 10-20% time increase 5-10% time increase <5% time04.06.20 increase insignificant increase

Closed

Quality System will not operate System will not meet specs Performance is reduced Some compensation is required May require correction

1 2 3 4 5

5

1

5

04.06.20

2

4

8

1

2

3

4

1

2

3

4

5

6 9 12 15

8 12 16 20

10 15 20 25

2 4 3 6 4 8 5 10 Severity = Likelihood Rating x Impact Rating low moderate high

Severe injury or fatality 5 major impact minor injury or impact insignificant impact 5 no impact

04.06.20

Likelihood Rating

Severity

Impact Rating

04.06.20 Scope

Luis Villegas Project is delayed due to weather Description >80% probability of occurring 50-80% chance of occurring 21-49% chance of occurring 1-20% chance of occurring <1% chance of occurring

Impact

Likelihood Rating

Open The design of the system is not approved by the customer

Analysis

5

Prior to Mitigation

After Mitigation

< 1 week delay

Mitigation Strategy

Contingency

Double check design. Have independent design review.

$5,000.00

Make an Earned Value Estimate. Request a budget forward. Reduce unnecessary expenses.

$6,000.00

Double check design. Have independent design review. Add schedule contingency in plan to allow design to be complete. Add additional staff. Use expedited shipping. Confirm availability with suppliers during design. Modify design if required.

Add schedule contingency in plan to allow develop system. Double check design. Have independent > 4 weeks delay < 1 weeks delay design review. Add 2-3 extra days for weather. Add < 1 weeks delay 1 day delay cost for days off. < 1 week delay

$5,000.00

Status