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  • Risk List For : ID Description P L E First Indicator Mitigation Approach Owner Date Due

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    Nedzad Junuzovic
    11 views3 pages
    The document is a risk list template for a project. It provides headings for listing 12 risks facing the project, including describing each risk and its potential impact. It also provides headings to assign a probability and potential loss for each risk, identify early indicators, propose mitigation approaches, assign owners, and note dates due for completing mitigation actions. The template is intended to help identify, assess, and manage the major risks facing a project in a systematic manner.

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    Risk List Template

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    The document is a risk list template for a project. It provides headings for listing 12 risks facing the project, including describing each risk and its potential impact. It also provides headings to assign a probability and potential loss for each risk, identify early indicators, propose mitigation approaches, assign owners, and note dates due for completing mitigation actions. The template is intended to help identify, assess, and manage the major risks facing a project in a systematic manner.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views3 pages

    Risk List For : ID Description P L E First Indicator Mitigation Approach Owner Date Due

    Uploaded by

    Nedzad Junuzovic
    The document is a risk list template for a project. It provides headings for listing 12 risks facing the project, including describing each risk and its potential impact. It also provides headings to assign a probability and potential loss for each risk, identify early indicators, propose mitigation approaches, assign owners, and note dates due for completing mitigation actions. The template is intended to help identify, assess, and manage the major risks facing a project in a systematic manner.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Risk List for <project>

    ID
    1

    Description

    First Indicator

    Mitigation Approach

    Owner

    Date Due

    Risk List

    www.projecttimes.com

    www.batimes.com

    Page 1

    ID
    7

    Description

    First Indicator

    Mitigation Approach

    Owner

    Date Due

    10

    11

    12

    Risk List

    www.projecttimes.com

    www.batimes.com

    Page 2

    Risk List Template


    ID Description
    <List each major risk facing the project. Describe each risk in the form condition consequence. Example: Subcontractors staff does not have sufficient technical expertise, so their work is delayed for training and slowed by learning curve.>

    P
    *P

    L
    *L

    E
    *E

    First Indicator
    <For each risk, describe the earliest indicator or trigger condition that might indicate that the risk is turning into a problem.>

    Mitigation Approach
    <For each risk, state one or more approaches to avoid, transfer, control, minimize, or otherwise mitigate the risk. Accepting the risk is another option. Risk mitigation approaches should yield demonstrable results, so you can measure whether the risk exposure is changing.>

    Owner
    <Assign each risk action to an individual.>

    Date Due
    <State a date by which each mitigation action is to be completed. >

    *P = Probability of occurrence of the risk, expressed as a number between 0.1 (highly unlikely) and 1 (guaranteed to happen). Alternatively, you could estimate this as Low, Medium, or High. *L = Relative loss if the risk does turn into a problem, expressed as a number between 1 (minimal impact) and 10 (catastrophe). Alternatively, you could estimate this as Low, Medium, or High. Even better, estimate the actual loss in terms of calendar weeks for schedule impact, dollars for a cost impact, etc. *E = Risk Exposure. If numeric values were assigned to Probability and Loss, then Risk Exposure = P * L. If relative values were used (Low, Medium, High), estimate the overall risk exposure using the following table: Loss Medium
    Low Medium High

    Probability
    Low Medium High

    Low
    Low Low Medium

    High
    Medium High High

    Once the risk exposures are calculated for each risk item, sort them in order of decreasing risk exposure. Focus mitigation efforts on items having the highest risk exposure

    Risk List

    www.projecttimes.com

    www.batimes.com

    Page 3

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