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Project Report Risk Management Services

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					                                                                                                                                                      Project Name
                                                                                                                                                 Risk Tracking Log
                                                                   Mitigation
                                                                                Date        Target                                      Estimating
#              Risk Variables   P   I PIF   Mitigation Strategy    Strategy                                  Status   Positive Impact                     Negative Impact
                                                                              Identified     Date                                       Assumption
                                                                    Owner
1




                                                            P = Probability of occurring (1-3 where 1=Low & 3=High)                                                 Page1
    Last Revised:                                              I = Impact on project (1-5 where 1=Low & 5=High)                                      Print Date: 7/15/2011
                                                                     CSU/SCO 21st Century Payroll Project
                                                                           Risk Tracking Log Definitions

      Purpose:
                      This form is used to track and report project risk on CMS managed projects. The Risk
                      Tracking Log should be updated on a monthly basis.
      Fields:         The following fields occur in the header section of the form.
                                                      The month and year that the Risk Tracking Log was created
                      Last Updated:
                                                      or updated.
                      The following fields repeat with 1 row per project risk.
                                                      Sequential number used to designate the priority of the risk
                      #:                              based on the value of PIF with risks having the highest PIF at
                                                      the top of the list.
                      Risk Variables:                 A description of the risk related to the project.
                                                      Value of 1 to 3 representing the probability that the risk will
                      P:
                                                      occur, with the 3 being the highest probability value.
                                                      Value of 1 to 5 representing the impact to the project if the
                      I:                              risk occurs on the project, with the 5 being the highest impact
                                                      value.
                                                      P multiplied by I gives PIF (Probability/Impact Factor). Valid
                      PIF:
                                                      values range from 1 to 15.
                                                      The action(s) planned to reduce the probability of the risk
                      Mitigation Strategy:
                                                      occurring, the impact to the project if the risk occurs or both.
                                                      The person responsible to ensure that a particular mitigation
                      Mitigation Strategy Owner:
                                                      strategy is acted on.
                      Date Identified:                The date that the risk was first identified in mm/dd/yy format.
                                                      The date by which enough of the mitigation strategy has
                      Target Date:                    been completed to reduce the risk probability, the risk impact
                                                      or both in mm/dd/yy format.
                                                      Date driven update on the progress of the mitigation
                                                      strategy(s) with date first in mm/dd/yy format and then a
                      Status:
                                                      description of the progress made on executing the
                                                      strategy(s).
                                                      A description of the potential positive outcomes associated
                      Positive Impact:
                                                      with executing the mitigation strategy(s).
                                                      An assessment of the current state of the risk at the time the
                      Estimating Assumption:
                                                      risk was first identified.
                                                      A description of the potential negative outcomes associated
                      Negative Impact:
                                                      with not executing the mitigation strategy(s).

      Procedure:
                                                      Review Section 6 Risk Management within "Project
                      Step 1.                         Management Approach (v1.1).doc" in
                                                      P:\Engagement\Procedures\.
                      Step 2.                         Fill in the Project Number and Name in the header section.

                      Step 3.                         Fill in the Last Updated date with the current month and year.
                      Step 4.                         Complete/update a row for each project risk.




Template Version: 1.2 - 01/21/05
df4fed12-9937-4ccc-82d5-4ece3058a487.xls                 PacifiCare ADMO                                                 Page 2

				
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