OBJECTIVES

PROJECT

RISK ID IDENTIFIED RISK

ID-1001

ID-1002

ID-1003
Step 1:

ID-1004

ID-1005
 ID-1006

ID-2001

ID-2002
Step 2:

ID-2003

ID-2004

ID-2005

ID-2006
 RISK ASSESS

STRUCTURE
TEAM
DESCRIPTION SEVERITY

Level 3

Level 3

Level 1

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Level 4

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 RISK ASSESSMENT:
(*) Project Oversight and change management

(*) Project team and SME's

Peer reviews

LIKELIHOOD RISK RANKING MITIGATION PLAN

Possible HIGH

Probable HIGH

Possible LOW

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Possible VERY HIGH

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MITIGATION PLAN
CUSTOMER REMARKS STATUS

DONE
 KEY IMPACT Level 1 Well defined that can be i
RISK SEVERITY RISK LIKELIHOOD
Improbable
Level 1
(Risk is unlikely to occur) no-impact
Possible
Level 2
(Risk will likely occur) no-impact
Probable
Level 3 Level 2 Tasks that can be automa
(Risk will occur) impact
Level 4 impact

Level 3 Tasks that are understood

Level 4 Some of the tasks are clos

Level 5 be not able to proceed pr

We define the level of severity base o

Level 1 If the risk is well-known a
Level 2 If the risk is well-known b
Level 3 If the risk affects/changes
Level 4 The risk is unwell-known,
Well defined that can be in a set method/workflow
a. These tasks are usually well understood and so will the effort and timing
b. In time we can consider standardization of some workflow elements

c. In time we may be able to consider modular approach and structure the deliverables into work packages or eve a

Tasks that can be automated or semi-automated - typically well defined for effort and technical result/quality

a. Model uploads
b. Meshing
c. Others?
Tasks that are understood but are labor intensive or carry some technical risk (such as new elements)
a. These carry typically medium, risk for scope; effort timing

b. Where difficult scopes are present we should build a risk and mitigation plan for this project
Some of the tasks are closer to R&D that projects
a. These carry typically high risk for scope; effort and timing
b. Where new scopes are ge these scopes effectively we should build a risk and mitigation plan
be not able to proceed project,

the level of severity base on 3 criteria: resource, timing and scope

If the risk is well-known and slightly affect to resource or timing / and not affect to scope
If the risk is well-known but require more resource and timing either / and not affect to scope
If the risk affects/changes the scope but does not require adding more resources / or affect to the timeline
The risk is unwell-known, close to R&D, affects/change the scope, requires adding more resources and affects to timeline either
 LOW MEDIUM HIGH VERY HIGH
0 - Acceptable 1 - ALARP (as low as 2 - GENERALLY 3 - INTOLERABLE
reasonably) UNACCEPTABLE
RISK RATING KEY ---------------------- ----------------------- ----------------------- ------------------------
OK TO PROCEED TAKE MITIGATION SEEK SUPPORT PUT EVENT ON HOLD
EFFORTS

SEVERITY
LEVEL 1 LEVEL 2 LEVEL 3 LEVEL 4

LITTLE TO NO EFFECT EFFECTS ARE FELT. SERIOUS IMPACT TO COULD RESULT IN

ON EVENT BUT NOT CRITICAL TO THE COURSE OF DISASTER
OUTCOME ACTION AND
OUTCOME
LIKELIHOOD
IMPROBABLE
LOW MEDIUM MEDIUM HIGH
RISK IS UNLIKELY TO
-1- -4- -6- - 10 -
OCCUR

POSSIBLE
LOW MEDIUM HIGH VERY HIGH
RISK WILL LIKELY
-2- -5- -8- - 11 -
OCCUR

PROBABLE MEDIUM HIGH HIGH VERY HIGH

RISK WILL OCCUR -3- -7- -9- - 12 -

-- Team Members -- RISK SEVERITY RISK LIKELIHOOD Action
Andrew -- Select -- -- Select -- SELECT RISK SEVERITY AND LIKELIHOOD
Bang Nguyen Level 1 Improbable OK TO PROCEED
Kim Le Level 2 Possible TAKE MITIGATION EFFORTS
Loi Nguyen Level 3 Probable SEEK SUPPORT
My Vang Level 4 PUT EVENT IN HOLD
Trong Luong
Tuyen Hoang
Jonas
RANKING
LOW
MEDIUM
HIGH
VERY HIGH