Risk Exposure Score Calculation

Consequence Rating
Value Assigned Value
Rating Program Impact Technical Impact Cost Impact Schedule Impact General Implication Benefit General Implication
Assigned
Remedy will cause program disruption Performance goals met, no impact on Program budget not dependant on issue; Schedule not dependant on this issue; no Minor injury, profit loss and property
program success no impact on program success; impact on program success; development damage/loss are negligible.
development or production cost goals not schedule goals not exceeded or not
Minor 1 exceeded or dependant on this issue dependant on the issue Exploitation of opportunity results in negligible
Minor 1
impact

Shorts a significant mission need Performance below goal, but within Program budget impacted by < 1%; minor Non-critical path activities late; Significant profit loss, property damage
acceptable limites. No charnges required, ipact on program success; development or workarounds would avoid impact onkey and FirstAid Case.
acceptable alternatives exist, minor production cost goals exceeded by 1 - 5%; and non-key program milestones; minor
impact on program success program management reserces do not impact on program success, development Notable impact as a result of exploiting
Moderate 2 need to be used to implement schedule goals exceeded by 1-5% Moderate 2
opportunity
workarounds

Shorts a critital mission need Performance below goal, moderate Program budget impacted by 1 - 5%; Critical path activiites onemonth late; Business/contract loss, serious
changes required, alternative would limited impact on program success; workarounds would not meet program properties/environmental damages,
provide acceptable system performance, development or production gost goals milstones; program success in doubt; medical case
limited impact on program success exceeded by 5 - 15%; program develoment schedule goals exceeded by Substantial profit, business/contract win,
Serious 3 managemnet reserves do not need to be 5-10% Significant 3
property protection significant cost savings
used to implement workarounds

Potentially fails key performance Performance unacceptable; signigicant Program budget impacted by 5-10%; Critical path activities one month late; Litigation due to violation of statutory and
parameter changes required; possible alternaitves program success in doubt; development workarounds would not meet program regulatory requirements leading to heavy
may exist; program success in doubt or production cost goals exceeded by 15- melestones; program success in doubt; imposition of fine and temporary Profit increase beyond stipulated, opens up
Major 4 20%; program management reserves must development schedule goals exceed by shutdown of business
be used to implement work arounds 10 -15% Major 4 another business opportunity, improves
reputation of the firm locally

Jeporadizes an exit criterion of current Performanace unacceptable; no viable Program budget impacted by 10%; Key program milestones would be late by indefinite shutdown of business,
acquisition phase alternatives exist; program success program success jeporadized; more than 2 months; program success bankrupcy, destruction of
Catastrophic 5 jeopardized development or production cost goals jeoporadized; development schedule properties/environment , loss of life Huge profit leap, creation of several business
exceeded by 20 - 25% goals exceeded by 20% Outstanding 5
opportunities, international recognition

Risk Matrix
Likelihood Rating 4 4 8 12 16 20
Rating 3 3 6 9 12 15
Improbable 1 ~10% ~10% ~10% ~10% ~10% 2 2 4 6 8 10
Remote 2 ~30% ~30% ~30% ~30% ~30% 1 1 2 3 4 5
Occasional 3 ~50% ~50% ~50% ~50% ~50% 1 2 3 4 5
Probable 4 ~70% ~70% ~70% ~70% ~70% Consequence
Frequent 5 ~90% ~90% ~90% ~90% ~90%

Risk ID A unique identifier in a numbering system assigned to a risk. The identifier should be used for reference or for cross-reference in the future
among dept./ project team members and future RM in search of historical information. Example: R01, R02, R03...
Risk Description A brief description of future event that could result in either positive or negative results to the project, and the impact it will have on the project.

Risk Identification Source (NEW) Source of risk. These values are list in cells in the Source Data Tab.

Risk Category If the risk is to occur, it will come from a root source. such as: finance, project, legal breach, HSE, etc For example, "With the support of finance,
there will be enough resources dedicated to the project." The example references a positive risk or opportunity. Select from categories as
defined by the Risk Management Plan. These values are list in cells in the Source Data Tab.

Likelihood Value Numeric value associated with the Probabiltity Rating. These values are list in cells in the Source Data Tab.
Inherent Risk (value (NEW)
of risk before Consequence Numeric value associated with the Impact Rating. These values are list in cells in the Source Data Tab.
treatment) Value (NEW)

Residual Risk (value

of after treatment)
 Planning Development Risk Register

B C E F G H I J K L M N P Q R
2 RISK IDENTIFICATION INHERENT RISK TREATMENT RESIDUAL
K
e
y

R
i
s

Consequence

Consequence
Risk Factor

Risk Factor
Likelihood

Likelihood
k Risk
Risk Category Cost Time Treatment
3 Risk ID Risk Description Risk Treatment Action Risk Owner
(Select) I Overrun Overrun Option
n (Select)
d
i
c
a
t
o
F
ri
n
a
4 n
c
REFURBISHMENT of Kirikiri Light Terminal JETTY - CIVIL
i
a
l
LADOL Commitment to execution
a of project.
Milestone Payment
6 1 Financial n 4 5 20 Avoid GBEMICH to notify LADOL before LADOL 2 2 4
delay
d reaching payment milestone.

I
n
s
u
r
a
n
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e This document should not be copied in whole or part without the permission of the MD.
Approved by Dr Amy Jadesimi
 Planning Development Risk Register

B C E F G H I J K L M N P Q R
2 RISK IDENTIFICATION INHERENT RISK TREATMENT RESIDUAL
K
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R
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Consequence

Consequence
Risk Factor

Risk Factor
Likelihood

Likelihood
k Risk
Risk Category Cost Time Treatment
3 Risk ID Risk Description Risk Treatment Action Risk Owner
(Select) I Overrun Overrun Option
n (Select)
d
i
c
a
t
o
r

O
p
e
r
a Detail plans to ensure timely arrival
Inability to meet up Mitigate/
7 2 Environmental t 4 5 12 to jetty before barge departure GBEMICH 2 2 4
with barge movement Reduce
i time
o
n
a
l

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 Planning Development Risk Register

B C E F G H I J K L M N P Q R
2 RISK IDENTIFICATION INHERENT RISK TREATMENT RESIDUAL
K
e
y

R
i
s

Consequence

Consequence
Risk Factor

Risk Factor
Likelihood

Likelihood
k Risk
Risk Category Cost Time Treatment
3 Risk ID Risk Description Risk Treatment Action Risk Owner
(Select) I Overrun Overrun Option
n (Select)
d
i
c
a
t
o
r
2 2

Power failure during Mitigate/

10 5 Technical 4 4 12 Provide plan B for power supply GBEMICH 4
operation Reduce

Ensure proper work plan for the

Potential need of Mitigate/
11 6 Technical 4 4 11 day. Call private boat for logistics if GBEMICH 2 2 4
unplaned item on site Reduce
required

CR-REG02 4 of 10
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Approved by Dr Amy Jadesimi
 Planning Development Risk Register

B C E F G H I J K L M N P Q R
2 RISK IDENTIFICATION INHERENT RISK TREATMENT RESIDUAL
K
e
y

R
i
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Consequence

Consequence
Risk Factor

Risk Factor
Likelihood

Likelihood
k Risk
Risk Category Cost Time Treatment
3 Risk ID Risk Description Risk Treatment Action Risk Owner
(Select) I Overrun Overrun Option
n (Select)
d
i
c
a
t
o
r

P
Maintenance to be carried out in a
r
timely manner.
o
Breakdown of plant Mitigate/ Mechanic to be on ground for
12 7 Technical j 3 4 12 GBEMICH 2 2 4
and equipment Reduce repairs on operation day.
e
Machines should be tested days
c
prior to usage on site.
t

CR-REG02 5 of 10
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 Planning Development Risk Register

B C E F G H I J K L M N P Q R
2 RISK IDENTIFICATION INHERENT RISK TREATMENT RESIDUAL
K
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R
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Consequence

Consequence
Risk Factor

Risk Factor
Likelihood

Likelihood
k Risk
Risk Category Cost Time Treatment
3 Risk ID Risk Description Risk Treatment Action Risk Owner
(Select) I Overrun Overrun Option
n (Select)
d
i
c
a
t
o
r
LADOL HSE policy and 2 2
instructions to be strictly adhered
to.
Method statement and risk
Delay in obtaining assessment must be done for all
Mitigate/
13 8 required permit to Safety 3 4 12 major activities. Project team 4
Reduce
work All HSE documents to be provided
in time. Innitiate PTW on daily
abses

CR-REG02 6 of 10
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 Planning Development Risk Register

B C E F G H I J K L M N P Q R
2 RISK IDENTIFICATION INHERENT RISK TREATMENT RESIDUAL
K
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R
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Consequence

Consequence
Risk Factor

Risk Factor
Likelihood

Likelihood
k Risk
Risk Category Cost Time Treatment
3 Risk ID Risk Description Risk Treatment Action Risk Owner
(Select) I Overrun Overrun Option
n (Select)
d
i
c
a
t
o
O
r
p
e
r
Ensure proper work planning for
Inabillity to close in a
Mitigate/ the day. Request for extension of
16 11 time for the day due to Environmental t 3 4 12 GBEMICH 2 2 4
Reduce closing time. Make provision for
casting i
lighting if necessary
o
n
a
l
Motivation plan to be in place.
Low motivation leading Additional payment for timely
Mitigate/
18 13 to low productivity of Environmental 3 4 12 delivery of task GBEMICH 2 2 4
Reduce
workers Enhance interrative
communication with team.

CR-REG02 7 of 10
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Approved by Dr Amy Jadesimi
 Planning Development Risk Register

B C E F G H I J K L M N P Q R
2 RISK IDENTIFICATION INHERENT RISK TREATMENT RESIDUAL
K
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R
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Consequence

Consequence
Risk Factor

Risk Factor
Likelihood

Likelihood
k Risk
Risk Category Cost Time Treatment
3 Risk ID Risk Description Risk Treatment Action Risk Owner
(Select) I Overrun Overrun Option
n (Select)
d
i
c
a
t
o
rP
r
Unplanned work that o Escalate to the Project Manager
Mitigate/
19 14 must be Technical j 3 3 9 with plan of action, including LADOL/GBEMICH 2 2 4
Reduce
accommodated e impact on time, cost and quality.
c
t

Good house keeping and wet-

waste control during Mitigate/
21 16 Safety 3 3 9 cutting to be implemented GBEMICH 2 2 4
civil work Reduce

CR-REG02 8 of 10
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 Planning Development Risk Register

B C E F G H I J K L M N P Q R
2 RISK IDENTIFICATION INHERENT RISK TREATMENT RESIDUAL
K
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R
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Consequence

Consequence
Risk Factor

Risk Factor
Likelihood

Likelihood
k Risk
Risk Category Cost Time Treatment
3 Risk ID Risk Description Risk Treatment Action Risk Owner
(Select) I Overrun Overrun Option
n (Select)
d
i
c
a
t
o
r

Inability to meet
23 18 Technical 3 3 9 Transfer Accurate communication between GBEMICH 2 2 4
project timeline
team members

Staffs access denial at Submit staff names for access in

24 19 Environmental 3 3 9 Share GBEMICH 2 2 4
point of entry time and give close follow up

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Source Data for Risk Register Tool Cells: (DO NOT CHANGE - WILL IMPACT RISK REGISTER TOOL)

TECHNOLOGY DEPLOYED Risk Source Risk Category LINKED Risk Treatment Option
Mid-Tier (Application) Organisational Technical Consequence Rating Retain/Accept
Desktop Operations Financial Minor 1 Transfer
Mainframe Finance Environmental Moderate 2 Mitigate/Reduce
Database Human Resource Safety Serious 3 Avoid
Infrastructure Marketing Major 4 Share
Office Automation P&F Catastrophic 5 Eliminate
Telecommunications P&D Take/Enhance
Maintenance LINKED
Security and Marine Likelihood Rating
IT Improbable 1
Legal and Compliance Remote 2
HSE Occasional 3
Business Dev Probable 4
Procurement Frequent 5
External
Others
TO BE DEVELOPED
DO NOT REMOVE LINKED TO TOOL Risk Count by Threshold Value
Risk Rating and Threshold Values High
Green - maximum score 4 Medium
Yellow - minimum score 5 Low
Red - minimum score 16
White - Blank Cell 0
HIGH (H) – Unacceptable. Major
disruption likely; different approach
required; priority management
attention required.
MODERATE (M) – Some disruption;
different approach may be required;
additional management attention
may be needed.

LOW (L) – Minimum impact;

minimum oversight needed to
ensure risk remains low.