Project Risk Log Template

Wilmont's Pharmacy Drone Project

th
Rev:
Risk00,
ID Date: 15 Apr 2020
Priority WBS Responsible Person Risk Description

The design of the system is not

1 2 1.2.1. William Holt
approved by the customer

The actual cost of the project

2 1 1.2.2. Luis Villegas
exceeds the agreed cost

The customer is not satisfied with

3 2 1.3.4. William Holt
the prototype

William Holt, Luis Design is not completed in a

4 3 1.2.1.
Villegas timely manner

Delay in materials arriving, or

5 2 1.3.1. William Holt
materials unavailable

William Holt, Luis Develop system takes longer than

6 2 1.3.3.
Villegas expected
Tests find serious flight errors
7 2 1.2.1; 1.4.1 Geral Hasper
ondrones
8 2 1.5.1. Luis Villegas Project is delayed due to weather
Dates Analysis Impact

Likelihood Prior to After

Open Closed Impact Rating Severity Mitigation Strategy Contingency Status
Rating Mitigation Mitigation

Double check design. Have independent

04.06.20 5 3 15 > 4 weeks delay < 1 weeks delay $5,000.00
design review.

Make an Earned Value Estimate.

04.06.20 5 3 15 > 4 weeks delay < 1 week delay Request a budget forward. Reduce $6,000.00
unnecessary expenses.
Double check design. Have independent
04.06.20 5 2 10 > 4 weeks delay < 1 weeks delay
design review.
Add schedule contingency in plan to
04.06.20 3 1 3 > 1 weeks delay 1 day delay allow design to be complete. Add
additional staff.
Use expedited shipping. Confirm
04.06.20 5 3 15 > 2 weeks delay 1 day delay availability with suppliers during design.
Modify design if required.
Add schedule contingency in plan to
04.06.20 5 3 15 > 4 weeks delay < 1 week delay $5,000.00
allow develop system.
Double check design. Have independent
04.06.20 5 1 5 > 4 weeks delay < 1 weeks delay
design review.
Add 2-3 extra days for weather. Add
04.06.20 2 4 8 < 1 weeks delay 1 day delay
cost for days off.

Description

Health, Safety and the

Impact Rating Scale Cost Schedule Scope Quality
Environment

5 Very High >$10,000 > 4 weeks delay >20% time increase System will not operate Severe injury or fatality
4 High <$8,000 > 2 weeks delay 10-20% time increase System will not meet specs major impact
3 Moderate <$5,000 > 1 weeks delay 5-10% time increase Performance is reduced minor injury or impact
2 Low <$3,000 < 1 weeks delay <5% time increase Some compensation is required insignificant impact
1 Very Low <$500 1 day delay insignificant increase May require correction no impact

Likelihood Rating Scale Description

5 Nearly Certain >80% probability of occurring
4 Likely 50-80% chance of occurring
3 Possible 21-49% chance of occurring
2 Unlikely 1-20% chance of occurring
1 Rare <1% chance of occurring

Likelihood Rating
Severity
1 2 3 4 5
 1 1 2 3 4 5

Impact 2 2 4 6 8 10
Rating 3 3 6 9 12 15
4 4 8 12 16 20
5 5 10 15 20 25
Severity = Likelihood Rating x Impact Rating
low
moderate
high