1 1 2 Proposal Risk Assessment Template by 4SmWQxJ

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									                                                                                                                                                         Project Proposal
                                                                                                                                            Preliminary Risk Assessment

                                                               This document is to be used by projects with complexity:
                                                                           Basic Low Medium High

Project Risk Model
Project Name:
Sponsoring
Organization:
Project Sponsor:
Project Manager:
Project Start:                                                                       Project Finish:
Project Reporting:                                                                   Project Complexity:
Prepared By:                                                                         Prepared Date:

Click on the blue area and a drop down list arrow appears. Click on the arrow and for each question select the appropriate answer choice from the drop down box. You must
respond to all questions to receive a proper risk rating.


                           Total Risk Analysis                                                            Component Risk Assessments and Score
                                                                                                  Budget:
     Total Risk Score                                                                             External
                                                      0                                       Dependency:
        Risk Level                                                                            Management:
       (Low: < 35                                                                         Mission Critical:
     Medium: 36 - 72                                                                                Failure:
       High: >72)                                                                              Complexity:


    Question Number                        Project Risk Question                        Risk Component                               Answer Lists

             1              What is the estimated total project cost?                Budget
                            What percentage of Mason's budget does the project
             2              represent?                                               Budget
                            Have sufficient project funds been budgeted and
             3              allocated?                                               Budget
                            How much confidence is there in the expenditure and
             4              funding projections?                                     Budget




       b9272de5-a5f2-499f-b750-1dee206674b5.xls                                           1                                                  Version Date: <Insert Date>
                                                                                                                            Project Proposal
                                                                                                               Preliminary Risk Assessment


Question Number                     Project Risk Question                            Risk Component      Answer Lists
                    Is funding available for maintenance of the project
       5            deliverable after project closure?                             Budget

       6            Is this project dependent on another projects deliverable?     External Dependency

                    Does this project require resources from other
       7            organizations outside of the ITU?                              External Dependency

       8            Does this project require data from other sources?             External Dependency

       9            What is the level of management commitment?                    Management

      10            Is the project sponsor resourcing the project?                 Management
                    What is the experience and training level of Mason's
      11            project managers?                                              Management


                    How important is the project to meeting Commonwealth
      12            of Virginia Strategic Objectives?                              Mission Critical

                    How important is the project to meeting externally
      13            generated mandates? (Legislative, Executive. or Judicial)      Mission Critical
                    How important is the project deliverable to Mason's core
      14            business activities?                                           Mission Critical


      15            Has Mason and/or the vendor executed similar projects?         Failure

      16            How will failure of the project impact the customers?          Failure

      17            How politically sensitive is the project?                      Failure


      18            How new is the technological solution?                         Complexity

      19            Is the application of this solution new, proven, or untried?   Complexity

      20            How many processes or business activities are impacted?        Complexity




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Question
#        Question Test
       1 What is the estimated total project cost?
       1 What is the estimated total project cost?

       1 What is the estimated total project cost?

       1   What is the estimated total project cost?
       1   What is the estimated total project cost?
       2   What percentage of Mason's budget does the project represent?
       2   What percentage of Mason's budget does the project represent?

       2 What percentage of Mason's budget does the project represent?

       2   What percentage of Mason's budget does the project represent?
       2   What percentage of Mason's budget does the project represent?
       3   Have sufficient project funds been budgeted and allocated?
       3   Have sufficient project funds been budgeted and allocated?
       3   Have sufficient project funds been budgeted and allocated?
       3   Have sufficient project funds been budgeted and allocated?
       3   Have sufficient project funds been budgeted and allocated?

       4 How much confidence is there in the expenditure and funding projections?

       4 How much confidence is there in the expenditure and funding projections?

       4 How much confidence is there in the expenditure and funding projections?

       4 How much confidence is there in the expenditure and funding projections?

       4 How much confidence is there in the expenditure and funding projections?
         Is funding available for maintenance of the project deliverable after project
       5 closure?
         Is funding available for maintenance of the project deliverable after project
       5 closure?
         Is funding available for maintenance of the project deliverable after project
       5 closure?
         Is funding available for maintenance of the project deliverable after project
       5 closure?
         Is funding available for maintenance of the project deliverable after project
       5 closure?
       6 Is this project dependent on another projects deliverable?
       6 Is this project dependent on another projects deliverable?
       6 Is this project dependent on another projects deliverable?
       6 Is this project dependent on another projects deliverable?
       6 Is this project dependent on another projects deliverable?

       7 Does this project require resources from other organizations outside the ITU?

       7 Does this project require resources from other organizations outside the ITU?

       7 Does this project require resources from other organizations outside the ITU?
 7 Does this project require resources from other organizations outside the ITU?

 7   Does this project require resources from other organizations outside the ITU?
 8   Does this project require data from other sources?
 8   Does this project require data from other sources?
 8   Does this project require data from other sources?
 8   Does this project require data from other sources?
 8   Does this project require data from other sources?
 9   What is the level of management commitment?
 9   What is the level of management commitment?
 9   What is the level of management commitment?
 9   What is the level of management commitment?
 9   What is the level of management commitment?
10   Is the project sponsor resourcing the project?
10   Is the project sponsor resourcing the project?
10   Is the project sponsor resourcing the project?
10   Is the project sponsor resourcing the project?

10 Is the project sponsor resourcing the project?
11 What is the experience and training level of Mason's project managers?

11   What is the experience and training level of Mason's project managers?
11   What is the experience and training level of Mason's project managers?
11   What is the experience and training level of Mason's project managers?
11   What is the experience and training level of Mason's project managers?
     How important is the project to meeting Commonwealth of Virginia Strategic
12   Objectives?
     How important is the project to meeting Commonwealth of Virginia Strategic
12   Objectives?
     How important is the project to meeting Commonwealth of Virginia Strategic
12   Objectives?
     How important is the project to meeting Commonwealth of Virginia Strategic
12   Objectives?
     How important is the project to meeting Commonwealth of Virginia Strategic
12   Objectives?
     How important is the project to meeting externally generated mandates?
13   (Legislative, Executive. or Judicial)
     How important is the project to meeting externally generated mandates?
13   (Legislative, Executive. or Judicial)
     How important is the project to meeting externally generated mandates?
13   (Legislative, Executive. or Judicial)
     How important is the project to meeting externally generated mandates?
13   (Legislative, Executive. or Judicial)
     How important is the project to meeting externally generated mandates?
13   (Legislative, Executive. or Judicial)

14 How important is the project deliverable to Mason's core business activities?

14 How important is the project deliverable to Mason's core business activities?

14 How important is the project deliverable to Mason's core business activities?
14 How important is the project deliverable to Mason's core business activities?

14 How important is the project deliverable to Mason's core business activities?
15 Has the Mason and/or the vendor executed similar projects?

15   Has the Mason and/or the vendor executed similar projects?
15   Has the Mason and/or the vendor executed similar projects?
15   Has the Mason and/or the vendor executed similar projects?
15   Has the Mason and/or the vendor executed similar projects?
16   How will failure of the project impact the customers?
16   How will failure of the project impact the customers?
16   How will failure of the project impact the customers?
16   How will failure of the project impact the customers?
16   How will failure of the project impact the customers?
17   How politically sensitive is the project?
17   How politically sensitive is the project?
17   How politically sensitive is the project?
17   How politically sensitive is the project?
17   How politically sensitive is the project?
18   How new is the technological solution?

18   How new is the technological solution?
18   How new is the technological solution?
18   How new is the technological solution?
18   How new is the technological solution?
19   Is the application of this solution new, proven, or untried?
19   Is the application of this solution new, proven, or untried?

19 Is the application of this solution new, proven, or untried?

19 Is the application of this solution new, proven, or untried?

19   Is the application of this solution new, proven, or untried?
20   How many processes or business activities are impacted?
20   How many processes or business activities are impacted?
20   How many processes or business activities are impacted?
20   How many processes or business activities are impacted?
20   How many processes or business activities are impacted?

     Risk Type
     Budget
     External Dependicies
     Management
     Mission Critical
     Failure
     Complexity
                                                                       Answer
Answer Choices                                                         Scores   Risk Category
                                                                       0        Budget Risk
Project cost is less than $100 thousand.                               0        Budget Risk
Project cost is greater than or equal to $100 thousand and less than
$1 million.                                                            1        Budget Risk
Project cost is greater than or equal to $1 million and less than or
equal to $5 million.                                                   3        Budget Risk
Project cost is greater than $5 million.                               5        Budget Risk
                                                                       0        Budget Risk
The project is less than 2% of Mason's budget.                         0        Budget Risk
The project is greater than or equal to 2% but less than 5% of
Mason's budget.                                                        1        Budget Risk
The project is greater than or equal to 5% and less than 15% of
Mason's budget.                                                        3        Budget Risk
The project is 15% or more of Mason's budget.                          5        Budget Risk
                                                                       0        Budget Risk
All funding is budgeted and allocated.                                 0        Budget Risk
Minimum essential funding is budgeted and allocated.                   1        Budget Risk
Funding is available but not allocated.                                3        Budget Risk
Funding is not budgeted or allocated.                                  5        Budget Risk

                                                                       0        Budget Risk
Accuracy of budget estimate is greater than 95% and less than or
equal to 100%.                                                         0        Budget Risk
Accuracy of budget estimate is greater than 85% and less than or
equal to 95%.                                                          1        Budget Risk
Accuracy of budget estimate is greater than 50% and less than or
equal to 85%.                                                          3        Budget Risk

Accuracy of budget estimate is less than or equal to 50%.              5        Budget Risk

                                                                       0        Budget Risk

Maintenance funding is available.                                      0        Budget Risk

Maintenance funding is planned and available.                          1        Budget Risk

Maintenance funding is planned but constrained.                        3        Budget Risk

Maintenance funding has not been planned.                              5        Budget Risk
                                                                       0        External Dependencies Risk
No other deliverables are required.                                    0        External Dependencies Risk
Other deliverables enhance the project.                                1        External Dependencies Risk
The project will utilize other project deliverables.                   3        External Dependencies Risk
A project deliverable from another project is required.                5        External Dependencies Risk

                                                                       0        External Dependencies Risk

Project requires no external resources.                                0        External Dependencies Risk

Project requires few external resources.                               1        External Dependencies Risk
Project requires some external resources.                             3    External Dependencies Risk

External resources are critical to the project.                       5    External Dependencies Risk
                                                                      0    External Dependencies Risk
No other data is required.                                            0    External Dependencies Risk
Data from other sources has little impact.                            1    External Dependencies Risk
Data from other sources has some impact.                              3    External Dependencies Risk
Data from other sources has a significant impact.                     5    External Dependencies Risk
                                                                      0    Management Risk
Management has made the project a priority.                           0    Management Risk
Management is committed to the project.                               1    Management Risk
Management has demonstrated interest.                                 3    Management Risk
Management is not committed.                                          5    Management Risk
                                                                      0    Management Risk
The project sponsor owns all the resources needed.                    0    Management Risk
The project sponsor owns most of the resources needed.                1    Management Risk
Project sponsor has control of most of the resources needed.          3    Management Risk

The project sponsor has control of some of the resources needed.      5    Management Risk
                                                                      0    Management Risk

Mason's project managers are well trained and very experienced.       0    Management Risk
Mason's project managers have training and experience.                1    Management Risk
Mason's project managers have some training or experience.            3    Management Risk
Mason's has no project managers.                                      5    Management Risk

                                                                      0    Mission Critical Risk
The project has little or no direct impact on Commonwealth
Strategic Objectives.                                                 0    Mission Critical Risk
The project has some impact on Commonwealth Strategic
Objectives.                                                           1    Mission Critical Risk
The project is important to meeting Commonwealth Strategic
Objectives.                                                           3    Mission Critical Risk
The project is critical to meeting Commonwealth Strategic
Objectives.                                                           5    Mission Critical Risk

                                                                      0    Mission Critical Risk
The project has little or no direct impact on accomplishment of
external mandates.                                                    0    Mission Critical Risk

The project enhances accomplishment of external mandates.             1    Mission Critical Risk
The project is important to the accomplishment of external
mandates.                                                             3    Mission Critical Risk

The project is critical to accomplishment of external mandates.       5    Mission Critical Risk

                                                                       0   Mission Critical Risk
The project is has little or no direct impact on current core business
activities.                                                            0   Mission Critical Risk

The project enhances Mason's core business activities.                1    Mission Critical Risk
The project is important to Mason's core business activities.         3        Mission Critical Risk

The project is critical to Mason's core business activities.          5        Mission Critical Risk
                                                                      0        Failure Risk
Mason and vendor have executed many similar projects
successfully.                                                         0        Failure Risk
Mason or vendor have executed several similar projects.               1        Failure Risk
Mason or vendor have executed a similar project.                      3        Failure Risk
Neither Mason nor the vendor has executed a similar project.          5        Failure Risk
                                                                      0        Failure Risk
There is no impact of project failure on the customers.               0        Failure Risk
Impact of project failure on customers is minimal.                    1        Failure Risk
Impact of project failure on customers is moderate.                   3        Failure Risk
Impact of project failure on customers is high.                       5        Failure Risk
                                                                      0        Failure Risk
Political climate has no impact on the project.                       0        Failure Risk
Political climate has very little impact on the project.              1        Failure Risk
The project is sensitive to political climate.                        3        Failure Risk
The project is very sensitive to political climate.                   5        Failure Risk
                                                                      0        Complexity Risk
The technology is proven and has been available for a number of
years.                                                                0        Complexity Risk
The technology has been available for several years.                  1        Complexity Risk
The technology has been developed but is very new.                    3        Complexity Risk
The technology is in development (Leading Edge).                      5        Complexity Risk
                                                                      0        Complexity Risk
Application of the technology is tried and proven.                    0        Complexity Risk
An application of the technology has been tried and is partially
proven.                                                               1        Complexity Risk
A new application of the technology that has been tried but is not
proven.                                                               3        Complexity Risk
A new application of the technology which has never been tried
before.                                                               5        Complexity Risk
                                                                      0        Complexity Risk
No business process is impacted.                                      0        Complexity Risk
No critical business processes are impacted.                          1        Complexity Risk
Critical business processes are impacted.                             3        Complexity Risk
A large portion of the business processes are impacted.               5        Complexity Risk

Low                                                                   Medium   High
                                                                     08                                18

								
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