Part of the FutureLearn Course Risk List - FL Risk Register.
xlsx
Decision Making: Choosing the Right Problem to Solve Page 1
need to do this...
Mitigation: So to
this will happen:
Outcome: If that
Due for Review
avoid that, we
event occurs,
Date raised
Risk: In the
Likelihood
Assigned
event of
Impact
Rating
Raised
Status
Notes
by
to
5
The BBQ is Follow safety guidelines Need to check COSHH
powered by for use. Keep spare gas / Health and Safety
bottled gas. This bottles In secure storage policy around bottled
could present a area. Check BBQ gas
Bottled Gas safety hazard if provider is properly
1 2 5 10 Risk 23 Nov 2019 Shona Asan 14 Apr 2020
Barbcue Accident stored and used trained and certified.
incorrectly- a fire
risk and risk of
explosion.
Dog poo gets Provide poo bags, bins,
trodden through make sure staff are
arts centre, health keeping an eye out for it,
2 5 3 15 Risk Dog Poo Incident risk, food prep remind owners to clear 23 Nov 2019 Shona James 14 Apr 2020
hygiene issues, up after their dogs. Keep
general dogs away from food
unpleasantness prep areas
Disappointed
Have a fallback on
public, smaller
Celebrity cannot standby - local band?
3 1 2 2 Risk attendance, may
Check in regularly with
6 Dec 2019 Harper Harper 10 Jan 2020
attend not make as much
celebrity agent
money
Food preparation Follow food guidelines.
ocurring outdoors. Appoint someone to
Could cause check and monitor prep.
Hygeine around hygeine / food Provide prep space in
4 2 3 6 Risk 13 Jan 2020 David Asan 14 Apr 2020
food preparation standards issues, centre kitchen and
risk of customers access to fridge. Check
getting food certification of
poisoning providers
Plan promotion early.
We make no profit
Follow PR strategy,
on the event, so
5 3 4 12 Risk Low ticket sales
raise no money for
Promote at end of 13 Jan 2020 Shona Harper 14 Apr 2020
events, get local paper
the centre
involved.
Free to adapt and reuse under a Creative Commons BY-NC-SA 4.0 International License https://creativecommons.org/licenses/by-nc-sa/4.0/
Using This Spreadsheet
Risks Are things that could go wrong, but aren't happening at the moment. They're things you need to keep an eye on
Issues Are live problems: things you need to sort out, requests etc. They tend to have a lot of actions or steps involved to solve them.
Actions Are single step todo items: practical steps to sort issues. Tracked elsewhere: it's more detail than managers or execs need to know about.
1 Identify risks at the start of the project, and enter them in the risks sheet
2 Rate the risks against the scales for impact and likelihood. You should not be using 5s very often AT ALL. That's a crisis number. Refer to
the scales below for what the ratings mean
3 Review the Risks log regularly: perhaps fortnightly. Are there new risks? Are any of the risks now happening? Have the likelihoods or
impacts changed?
4 Enter and rate new risks. Number new risks sequentially - the top of the first column should show you the current highest
5 If Risks are happening, mark as issue and start creating lists of actions to tackle it.
6 Action items go in to todo lists or a seperate actions list, assigned by person and due date
Status
Risk Could happen in the future. Requires a trigger to become an issue
Issue An active problem - a risk that has come about. Start an action list for it!
Resolved A solved risk: one that isn't a problem any more
Closed All done with!
Impact
Additional Cost Schedule Overrun Safety Implications For a project it means…
Water down your Extra work to fix, but won't impact time /
1 Very Low < 1% 1 day
shirt costs
Schedule overrun, cost overrun, but we can
2 Low 1-5% < 1 week Needs a plaster
absorb it.
Will involve annoyed client, asking them for
3 Medium 6-10% 2 weeks Trip to minor injuries more time and money, possibly not breaking
even. Possible Legal issues.
Client won't work with us again. We loose
4 High 11- 20% 1 month Call an ambulance
money and reputation. Legal action
We're all fired, the company goes under,
5 Very High > 20% > 1 month Death
somebody goes to prison, somebody dies.
Likelihood
Probability Feels a bit Like…
1 Very Low 1 in 100 Unlikely. Pobably won't happen Seven heads in a row when tossing a coin
2 Low 1 in 10 Possible, but not likely Drawing an Ace from a pack of cards
3 Medium 1 in 5 Feasible, but not certain. Rolling a six on a dice
4 High 1 in 2 Probable. 50/50, toss a coin. Tossing a coin and getting heads
5 Very High ≥ 1 in 2 Inevitable. Near Certainty Yup.
Rating
Impact
1 2 3 4 5
Likelihood Very Low Low Medium High Very High
1 Very Low 1 2 3 4 5
2 Low 2 4 6 8 10
3 Medium 3 6 9 12 15
4 High 4 8 12 16 20
5 Very High 5 10 15 20 25
Risk Score 1-2 3-9 10-15 16-20 25
Risk Rating Minimal Low Medium High Extreme
Response Maintain Existing Review Existing Improve Mitigation Consider Stopping Stop Immediately, Do
Mitigation Measures Mitigation Measures and Control Activity Not Proceed
Measures
