Step 1.

List all risk in relevant phase

First step of risk management is to list all risks for each phase of the project. Setting up this list has to be do
done by project phase (TOL, SOW, Design, ...) at project initiation for all phase,

Example :
Project Phase
Initation
1
2

Step 2. Quantify all risks

Each risk of risk list has to be quantified according three variables : Probability, Impact and Period. The two

PROBABILITY

Probability
Highly Unlilkely

Unlikely

50/50

Likely
Almost certain

IMPACTS

Impact - Time
Minor
Important
Serious
Higly Serious
Critical

Impact - Costs
Minor
Important
Serious
Higly Serious
Critical
l risks for each phase of the project. Setting up this list has to be done with no consideration on how high or serious the risk are. This step a
ect phase (TOL, SOW, Design, ...) at project initiation for all phase, the list should be updated before the beginning of each phase as projec

Threat
To add a risk to the risk lis
Project responsibles in other BUs are not identified after last risk listed.F
risk 1
Once the risk is registered,
the risk has been cleared you
risk2

according three variables : Probability, Impact and Period. The two main impacts identified for National Grid projects are Timeand Costs. F
tables

PROBABILITY

Probability
Threat has never become an issue in similar projects 1

Threat has become an issue in less than 10% of similar projects 2

Threat becomes issue in 50% of case 3

Threat becomes an issue in more than 50% of cases 4

Threat has always become an issue 5

IMPACTS

Impact - Time
No significant impact on schedule 1
<5% raise on mileston time 2
5-10% raise on milestone time 3
10-20% raise on milestone time 4
>20% raise on milestone time 5

Impact - Costs
No significant impact on costs 1
<5% raise on mileston cost 2
5-10% raise on milestone cost 3
10-20% raise on milestone cost 4
>20% raise on milestone cost 5
erious the risk are. This step aims at having an exhaustive list of all risk that may impact project. Risk list is
nning of each phase as project manager will have a more precise idea of risks.

To add a risk to the risk list of one project phase, one should insert a new line just
after last risk listed.Fill in the risk description under the threat column.

Once the risk is registered, please choose "No" in the "risk cleared ?" column. Once
the risk has been cleared you can choose "yes" and the risk will no more be taken into
account

projects are Timeand Costs. For each variable, quantification of risks follows bellow

PERIOD

Period
1 year Risk may happen 1 year after identification 1
6 months
Risk may happen 6 months after identification 2
3 months
Risk may happen 3 months after identification 3
2 months
Risk may happen 2 months after identification 4
1 month
Risk may happen 1 months after identification 5
 NA

Risk Identification
Threat Probability Cost Impact Time Impact
SOW preparation Phase
5 5 5
No contact given to review SOW
No respect of delay by reviewer 5 3 4
of each division
No relevant comment given by 3 3 4
the reviewer
Tendering Phase
Test 5 5 5

Design Phase
A 4 5 5
B 3 4 4

Construction Phase
C 2 2 2
D 1 2 2

Installation Phase
E 4 3 2

Commissioning Phase

Energization Phase

Close-out
A Engineering Review Cycle
B Third Party Availability for FATs
C Existing Transformer conflict
D Conflict MV SWGR & HVAC Duct
E Delivery of Battery Charger
 NATIONAL GRID - PMO PROJECT - RISK REGISTE

tion Risk Respo

Period Criticality Response Revised Probability Revised Cost Impact

5 100 abc 4 2

5 87.5 def

5 52.5 ghi

5 125
0
0

5 100 A 2 2
2 24 B 1 2
0

3 12 C 1 1
1 2 D 1 1
0

5 50 E 2 2
0
0

0
0
0

0
0
0

0
0
0
 A PMD sent a letter to PED to review cycle is 4 days i
ntract agreement withB4 Third Party inspectors companies to have alternatives fo
C shifting the boundary wall inside the substation aft
D Modification done and shifting HVAC Ducts in MV S
E Rent temporary battery charger to be used in the s
ECT - RISK REGISTER TEMPLTE

Risk Response
Revised Time Impact Revised Period Owner Start Date

4 5

1 1 NG ###
2 1 PSP Team 1

1 1 NG Consultant 1
1 1 Electromechanical Te ###

1 1 Project 1
to review cycle is 4 days in order to support the project
ies to have alternatives for FATs
l inside the substation after approval.
ifting HVAC Ducts in MV SWGR Room
harger to be used in the substation testing phase
 Deadline RevisedCriticality

60

0
0
0

1/14/1900 15
2 4
0

19 19
1/9/1900 10
0

28 28
0
0

0
0
0

0
0
0

0
0
0