RISK MITIGATION REPORT

PROJECT DETAILS
PROJECT No: MA-015-02
DATE:

FULL PROJECT NAME: Project Orion

PROJECT MANAGER: A Smith

PROJECT SPONSOR: F Dole

 RISK MITIGATION REPORT
Risk ID:
Risk Description:
Status:
Impact
Probability Score Mitigating actions:
Scope Quality Schedule Cost

High High High Medium High High

Revised Revised Impact once mitigating actions have been completed

Probability Revised Score Responsible Party Actions
Scope Quality Schedule Cost

Low Medium Low Low Low Low

Secondary
Risks:

Residual Risk:

Contingency
Contingency Funds:
Plan: Contingency
Time:

Next actions
and notes:
 EXAMPLE RISK MITIGATION REPORT [delete this sheet when no longer needed]
Risk ID: R0021 Project design and deliverable definition is incomplete.
Risk Description:
Status: New See more Common Project Risks @ https://www.stakeholdermap.com/risk/register-common-project-risks.html

Impact
Probability Score Mitigating actions:
Scope Quality Schedule Cost
High chance of budget
High chance of quality issues if High chance of delays due to Define the scope in detail via design workshops with input from subject matter
High High chance of scope creep. overruns due to delays and Critical
purpose is not well-defined. scope creep. experts.
scope creep.

Revised Revised Impact once mitigating actions have been completed

Probability Revised Score Responsible Party Actions
Scope Quality Schedule Cost

Check the validity of the assumptions made in the design

Low Low Low Low Low Low P Manager
documents.

Secondary There are still risks associated with the assumptions that were made during the design phase. In other words, if some assumptions are not correct then the project could be impacted.
Risks:

Residual Risk: There is a risk that the design will change (scope creep). This risk can be managed through change control.

Contingency None. The Exception Report will include estimated costs

Contingency Funds: to resolve the issue.

If there are some parts of the design that are not complete or detailed enough the project manager will write an Exception Report describing the issue and
Plan: recommending next steps. For example, moving the incomplete deliverable definitions to a later phase.
Contingency
Est. 4 days to write the Exception Report and get a
decision from the project board.
Time:

Next actions 1. PM to check the assumptions in the design document, and recommend next steps.
and notes:
 RISK MITIGATION REPORT
Risk ID:
Risk Description:
Status:
Impact
Probability Score Mitigating actions:
Scope Quality Schedule Cost

High High High Medium High High

Revised Revised Impact once mitigating actions have been completed

Probability Revised Score Responsible Party Actions
Scope Quality Schedule Cost

Low Medium Low Low Low Low

Secondary
Risks:

Residual Risk:

Contingency
Contingency Funds:
Plan: Contingency
Time:

Next actions
and notes:
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