RISK ASSESSMENT FORM

RM-03
Project Name: Sun Shine Complex
Risk ID: EP10 Date Raised: 14-07-2020
Type: Risk Risk Timeline: Medium Term
Assessment Date: 29-06-2020 RBS Code: 1.3.1

Risk assigned to: Board of Directors WBS Code: 1

RISK Details
Risk Description: Economical Policy
Changing government changes economic policies that have an impact on ongoing projects in terms of budgets
and costs

Impact
Probability Score Comments
Scope Schedule Cost Quality
4 2 2 4 4

RISK MITIGATION

Recommended Preventative Actions:

Previous trends of policies and current affairs to be studied before allocating budget to each activity

Recommended Contingent Actions:

Careful execution at every stage to be done to avoid overheads

Revised Revised Impact Revised

Comments
Probability Scope Schedule Cost Quality Score
1
2 1 1.5
Supporting Documentation:

APPROVAL

Name/Designation: Sadia Shamshad – Project Manager Date: 14 th July

2020
Project Name: Sun Shine Complex
Risk ID: AVL10 Date Raised: 14-07-2020
Type: Opportunity Risk Timeline: Medium Term
Assessment Date: 29-06-2020 RBS Code: 2.3.2

Risk assigned to: Project Manager WBS Code: 1

RISK Details
Risk Description: Availability
Due to current pandemic, there is less engagement of labor as many projects have stopped. So availability can
be an opportunity at this time

Impact
Probability Score Comments
Scope Schedule Cost Quality
3 2 3 1 3

RISK MITIGATION

Recommended Preventative Actions:

Extra effort to be made in order to acquire cheap labor

Recommended Contingent Actions:

Alternate workers must be agreed to work on need basis

Revised Revised Impact Revised

Comments
Probability Scope Schedule Cost Quality Score
1
1 1 1
Supporting Documentation:

APPROVAL

Name/Designation: Sadia Shamshad – Project Manager Date: 14 th July

2020
Project Name: Sun Shine Complex
Risk ID: SW10 Date Raised: 14-07-2020
Type: Risk Risk Timeline: Medium Term
Assessment Date: 29-06-2020 RBS Code: 1.4.1

Risk assigned to: Project Manager WBS Code: 1

RISK Details
Risk Description: Seasonal Work
Due to wheat crop harvesting and during Islamic eves unskilled labor is rarely available for construction
projects

Impact
Probability Score Comments
Scope Schedule Cost Quality
5 4 4.5

RISK MITIGATION

Recommended Promotional Actions:

Local labor to be engaged and agreed upon set terms

Recommended Contingent Actions:

Local labor to be arranged

Revised Revised Impact Revised

Comments
Probability Scope Schedule Cost Quality Score
1
2 1.5
Supporting Documentation:

APPROVAL

Name/Designation: Sadia Shamshad – Project Manager Date: 14 th July

2020
Project Name: Sun Shine Complex
Risk ID: FND10 Date Raised: 14-07-2020
Type: Risk Risk Timeline: Far Term
Assessment Date: 29-06-2020 RBS Code: 2.3.2

Risk assigned to: Board of Directors WBS Code: 1

RISK Details
Risk Description: Funding
Due to changing economic conditions, funding can be risk to the project

Impact
Probability Score Comments
Scope Schedule Cost Quality
4 3 3 3.5

RISK MITIGATION

Recommended Promotional Actions:

Supervision to be properly done in order to avoid any overheads

Recommended Contingent Actions:

Timely completion of activities can save additional costs

Revised Revised Impact Revised

Comments
Probability Scope Schedule Cost Quality Score
1
1 1 1
Supporting Documentation:

APPROVAL

Name/Designation: Sadia Shamshad – Project Manager Date: 14 th July

2020
Project Name: Sun Shine Complex
Risk ID: INF10 Date Raised: 14-07-2020
Type: Risk Risk Timeline: Medium Term
Assessment Date: 29-06-2020 RBS Code: 1.3.2

Risk assigned to: Project Manager WBS Code: 1

RISK Details
Risk Description: Inflation
Inflation can greatly impact the costs associated to the project thus happening as a risk

Impact
Probability Score Comments
Scope Schedule Cost Quality
5 3 5 5

RISK MITIGATION

Recommended Promotional Actions:

Procurement to be done well before requirement in order to acquire them in below prices

Recommended Contingent Actions:

Equivalent products with same characteristics to be procured

Revised Revised Impact Revised

Comments
Probability Scope Schedule Cost Quality Score
1
1 1
Supporting Documentation:

APPROVAL

Name/Designation: Sadia Shamshad – Project Manager Date: 14 th July

2020
Project Name: Sun Shine Complex
Risk ID: WE10 Date Raised: 14-07-2020
Type: Risk Risk Timeline: Near Term
Assessment Date: 29-06-2020 RBS Code: 1.5.2

Risk assigned to: Site Engineer WBS Code: 1

RISK Details
Risk Description: Extreme Weather
Monsoons are a major risk to a construction project specially during starting phase

Impact
Probability Score Comments
Scope Schedule Cost Quality
5 3 3 4

RISK MITIGATION

Recommended Promotional Actions:

Activities like excavation and backfilling to be planned before or after the monsoons.

Recommended Contingent Actions:

Proper drainage for runoff water to be done

Revised Revised Impact Revised

Comments
Probability Scope Schedule Cost Quality Score
1
1 1
Supporting Documentation:

APPROVAL

Name/Designation: Sadia Shamshad – Project Manager Date: 14 th July

2020
Project Name: Sun Shine Complex
Risk ID: TF10 Date Raised: 14-07-2020
Type: Risk Risk Timeline: Far Term
Assessment Date: 29-06-2020 RBS Code: 2.5.3

Risk assigned to: Project Manager WBS Code: 1

RISK Details
Risk Description: Time Frame
Time frame is always a constraint hence risk for a construction project

Impact
Probability Score Comments
Scope Schedule Cost Quality
5 2 4 3 4.5

RISK MITIGATION

Recommended Promotional Actions:

Supervision and proper skilled labor is to be exercised

Recommended Contingent Actions:

Extra workforce to be deployed

Revised Revised Impact Revised

Comments
Probability Scope Schedule Cost Quality Score
1
2 1 1.5
Supporting Documentation:

APPROVAL

Name/Designation: Sadia Shamshad – Project Manager Date: 14 th July

2020
Project Name: Sun Shine Complex
Risk ID: CNF10 Date Raised: 14-07-2020
Type: Risk Risk Timeline: Medium Term
Assessment Date: 29-06-2020 RBS Code: 2.5.4

Risk assigned to: Site Engineer WBS Code: 1

RISK Details
Risk Description: Conflicts
At big projects, conflicts occur among different working parties which is a risk for the project

Impact
Probability Score Comments
Scope Schedule Cost Quality
4 1 2 3 3.5

RISK MITIGATION

Recommended Promotional Actions:

Trainings to be exercised to avoid conflicts

Recommended Contingent Actions:

Proper work ethics to be made mandatory at work site

Revised Revised Impact Revised

Comments
Probability Scope Schedule Cost Quality Score
1
1 1 2
Supporting Documentation:

APPROVAL

Name/Designation: Sadia Shamshad – Project Manager Date: 14 th July

2020