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Risk in My Project

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					            McMaster Project Risk Management Analysis
                    Project: My Project
                           M
            Project Manager: y Name
             Date updated: 2005-05-05
                                                          Reporting date           2005-04-11                        2005-05-05
                                   Maximum risk for a single risk factor                    25                                16
                                    Total risk rating over all risk factors                 69                                50




                                                                              Probability




                                                                                                                Probability
Orig Rank




                                                                                                                                                                           Strategy
                                                                                                     Exposure




                                                                                                                                       Exposure
                                                                                            Impact




                                                                                                                              Impact
                Risk Title                       Effect                                                                                             Trigger Event                                          Risk Management Tasks, Action Log


            Project staff      Reduced person-hours available to do            2             1        2          4             4       16 Receipt of                  Mitigate        The project plan has allowed 2 weeks slack to accommodate staff turnover. Job
            turnover           the work results in the schedule being                                                                     resignation notice                          descriptions are up to date and should allow vacancies to be filled within 4
                               extended                                                                                                                                               weeks. 2005-05-04 received 2 resignations - it will take longer to fill than was
                                                                                                                                                                                      allowed in plan.
            Competing          Direction from another department to            1             5        5          1             5        5         Scanning            Mitigate        Project team and steering committee are scanning for indications of changing
            priorities         advance other projects may result in                                                                               identifies new high                 priorities. Steering committee members are championing the business case for
                               resources being withdrawn                                                                                          priority projects                   the project.

            External           The project time-line requries servers          3             3        9          3             4       12 Delay on server     Mitigate                The server acquisition team has planned their time-lines with regard for the
            dependencies       to be in place but they are being                                                                          acquisition project                         project timelines. We have planned to allocate resources to the server acquisition
                               acquired under a separate project.                                                                                                                     project if there is a potential delay. 2005-05-04 - Advised of delay in acquisition
                               Delay in availability results in a delay to                                                                                                            because supplier cannot meet 2 week delivery promised. Now expect delay of 4
                               the project and an increase in cost                                                                                                                    weeks.
            Legislative        Could change the functional                     2             5       10          3             5       15 Election results or         Accept          Opposition party has included new tuition reduction program in its platform. This
            Change             requirement of the system and require                                                                      budget speech                               will require complete revision of requirements and business rules. 2005-05-04 -
                               significant re-work                                                                                                                                    Opposition party now ahead of governing party in polls.
            Project team not   Makes communication more difficult              1             2        2          1             2        2         Project team        Mitigate        Weekly meetings are being held, alternating between the two project rooms.
            co-located         and increases likelihood of errors in                                                                              frustration with                    Collaboration tools are in use.
                               design                                                                                                             communication
                                                                               4             4       16
                                                                               5             5       25




                      \\pearl\data\projects\grail\RiskManagement\111a2dbb-8f84-40bb-b7b1-6647c5612313.xls                                                                                                                                            1 of 7
Risk Strategies
Avoid
Mitigate
Accept
Remove
Reduce
Risk Matrix

                   0       0         0         0       0
         9-10

                   0       0         0         0       0
         7-8
Impact




                                                              Zone Total:
                   0       0         0         0       1
         5-6                                                       1
                                                              Zone Total:
                   0       0         0         0       0
         3-4                                                       1
                                                              Zone Total:
         1-2
                   0       0         0         0       1           0
                1-20%   21-40%    41-60%   61-80%   81-100%
                                 Probability
 Do NOT Edit this sheet. This sheet provides the formulas for the Matrix Sheet

                 1-2                                    3-4                                     5-6                                     7-8
                1-20%                                  1-20%                                  1-20%                                    1-20%
          Impact
Probability             Impact Result Probability
              Probability                       Impact robability
                                                     P                                  Impact
                                                                Impact Result Probability             Impact Result Probability
                                                                                            Probability                       Impact
   1%      1     1%      2       0       1%      3      1%      4       0        1%      5     1%      6       0        1%      7


                21-40%                                 21-40%                                 21-40%                                   21-40%
          Impact
Probability             Impact Result Probability
              Probability                       Impact robability
                                                     P                                  Impact
                                                                Impact Result Probability             Impact Result Probability
                                                                                            Probability                       Impact
  21%      1     21%     2       0       21%     3     21%      4       0        21%     5     21%     6       0       21%      7


                41-60%                                 41-60%                                 41-60%                                   41-60%
          Impact
Probability             Impact Result Probability
              Probability                       Impact robability
                                                     P                                  Impact
                                                                Impact Result Probability             Impact Result Probability
                                                                                            Probability                       Impact
  41%      1     41%     2       0       41%     3     41%      4       0        41%     5     41%     6       0       41%      7


                61-80%                                 61-80%                                 61-80%                                   61-80%
          Impact
Probability             Impact Result Probability
              Probability                       Impact robability
                                                     P                                  Impact
                                                                Impact Result Probability             Impact Result Probability
                                                                                            Probability                       Impact
  61%      1     61%     2       0       61%     3     61%      4       0        61%     5     61%     6       0       61%      7


               81-100%                                81-100%                                81-100%                                   81-100%
          Impact
Probability             Impact Result Probability
              Probability                       Impact robability
                                                     P                                  Impact
                                                                Impact Result Probability             Impact Result Probability
                                                                                            Probability                       Impact
  81%      1     81%     2       1       81%     3     81%      4       0        81%     5     81%     6       1       81%      7
   7-8                                    9-10
  1-20%                                   1-20%
          Impact Result
Probability                         Impact
                          Probability             Impact Result
                                        Probability
   1%      8       0         1%      9     1%      10      0


  21-40%                                 21-40%
          Impact Result
Probability                         Impact
                          Probability             Impact Result
                                        Probability
  21%      8       0        21%      9     21%     10      0


  41-60%                                 41-60%
          Impact Result
Probability                         Impact
                          Probability             Impact Result
                                        Probability
  41%      8       0        41%      9     41%     10      0


  61-80%                                 61-80%
          Impact Result
Probability                         Impact
                          Probability             Impact Result
                                        Probability
  61%      8       0        61%      9     61%     10      0


 81-100%                                 81-100%
          Impact Result
Probability                         Impact
                          Probability             Impact Result
                                        Probability
  81%      8       0        81%      9     81%     10      0

				
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