QMS RISK & OPPORTUNITIES ASSESSMENT Rukun Al Yaqeen International L.L.

RA Performed on: 22/07/2018 Risk Ref No: RAY-DPC-2018-030-RA-001 Date: 7/22/2018

Residual Risk
Contingency Plan / Risk Mitigation
Recovery
Internal / Positive / Evaluation Date:
Sl. No. Dept./ Project Events Risks / Opportunities Severity Probability Impact Measure If
External Issue Negative Effects
Control fails
Target Completion
Control Methodology/Plan Responsibility Severity Probability Impact
Period

Internal Kick off meeting and Periodic review

Finalizing Accomodation
Tender: DPC- Delay in Site establishment & Work meetings to be organised and priorities to be Within Mobilization
1 Internal Issue and P&M for ongoing & new Negative Critical Probable High Project Manager Marginal Occassional Medium
2018-030 force mobilization highlighted regarding accommodation & period
projects
vehicles for new & ongoing projects

Initiate discussion with critical vendors to

Outstanding Payment Supplier denying to deliver the Finance Manager /
Tender: DPC- create credit facility; Monitoting Outstanding Before release of all
2 External Issue Issues of materials/mobilize resources due to Negative Critical Probable High Procurement Manager Marginal Occassional Medium
2018-030 payment status of Supplier/Subcontractor on critical PO's
Supplier/Subcontractor outstanding payment issues; / Project Manager
regular basis to avoid overdues

MOM conducted with representatives of

Getting Customer Satisfaction with Construction and Procurement Team and
Tender: DPC- Procurement carried out as with the approval of
3 Internal Issue grade 80% and above signed by Positive Critical Frequent Serious agendas assigned with set target date, Project Engineer Marginal Probable High
2018-030 per Shedule Drawings
Client on completion of activities communication with External Providers
regareding the requirements

Frequent Stoppage of Works

resulting in delayed completion of
Tender: DPC- Supplier not capable of Alternative Supplier from approved Vendor Project Manager/
4 External Issue targeted works. Delay in Negative Critical Probable High Within 10 Days Marginal Occassional Medium
2018-030 meeting HSE standards list ( selection & evaluation) Procurement Manager
Subcontractor mobilization
resulating in Overall Project delay

1. Design coordinators shall review the

design documents against standard technical
Supplier may deviate the Delay in finalizing critical PO's
Tender: DPC- specifications. Project Manager/
5 External Issue standard technical which may affect the delivery as per Negative Critical Remote Medium Within 14 Days Marginal Remote Low
2018-030 2. Revised design documents shall be Procurement Manager
specifications approved construction schedule
submitted immediately for approval.

1. Need to revise the contruction schedule.

Tender: DPC- Slippage of construction Delay from project approved 2. Recovery plan to be submitted within approved
6 External Issue Negative Critical Frequent Serious Project Manager Marginal Probable High
2018-030 schedule construction schedule 3. Necessary EOT recovery schedule
claim to be submitted if project delay is due to
the Client .

Getting Customer Satisfaction with Identification of client requrements and

Tender: DPC- MAS approval prior to with the approval of
7 External Issue grade 80% and above signed by Positive Critical Frequent Serious assigning supplier at an earlier stage of the Project Engineer Marginal Probable High
2018-030 delivery of materials at site Drawings
Client on completion of activities project and collecting data from them

Delay in Document Affect the Execution of the project Distributing the Document submission within within approved
Tender: DPC- Internal/
8 Submission for Client related activities without Client Negative Critical Remote medium the team to speed-up the submission as per construction Project Manager Marginal Remote Low
2018-030 External Issue
Approval approval. the client needs. schedule

Identification of authorities responsile for Within duration

Ministries/Municipality/ Affects the commencement of approving the designated works during specified in
Tender: DPC-
9 External Issue ROP/Service Dept. substation and OHL/Cable route Negative Critical Probable High mobilization and to ensure submission of approved Project Manager/PRO Marginal Occassional Medium
2018-030
approvals works necessary documents required for approval construction
via official schedule

Proper implementation of project approved

Frequent Stoppage of Works
Tender: DPC- HSE plan to avoid NCR and maintain Project Manager/Hse
10 Internal Issue HSE breach resulting in delayed completion of Negative Critical Probable High Within 14 Days Marginal Occassional Medium
2018-030 atandard HSE practices at work place and Officer
targeted works
office

Reduction of revenue and

Tender: DPC- Deviation from Budgeted Recovery Plan to be submitted to achieve the HOD/Sr. Planning
11 Internal Issue associated margins resulting in Negative Critical Probable High Quarterly Marginal Occassional Medium
2018-030 revenue desired revenue Costing Engineer
lowered profit levels

Department Financial performance is closely

monitored by updating and verifying the
Tender: DPC- Deviation in Financial Failure to achieve targeted GP & correctness of performance reports HOD/Sr. Planning
12 Internal Issue Negative Critical Probable Serious Monthly Marginal Occassional High
2018-030 Performance NP generarted every month. Deviations identiifed Costing Engineer
are highlighted and mutually agreed
corrective actions initiated

RISK ASSESSMENT MATRIX

Severity: Impact:
SEVERITY Catastrophic Critical Marginal Negligible
PROBABILITY (1) (2) (3) (4)
1. Catastrophic: Risk can result in serious impact on 1. Low: Task may proceed if all relevant control measure is in place. Task May only be undertaken
Frequent quality / delivery. with the approval of the appropriate supervisor
High High Serious Medium
(A)

Probable 2 Critical: Risk Can result in significant quality / delivery 2. Medium: Cross functional team must authorize the task with contingency plan before it is
High High Serious Medium impact but unlikely to be serious effect on process function undertaken.
(B)

Occasional
High Serious Medium Low 3. Serious: Task must not proceed until general manager authorizes the task and contingency plan
(C) 3 Marginal: Risk will not result in quality / Delivery
taken to mitigate the risk.
Remote
Serious Medium Medium Low
(D) 4. High: Task must not proceed until control measures, contingency planning taken and risk rating
4 Negligible: No foreseeable quality / Delivery impact
reduced.
Improbable
Medium Medium Medium Low
(E)

Eliminated
Eliminated
(F)

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FR-059, Rev 01, Date:25.05.2017