Risk analysis Gemma Maldar NHM [email_address] Workpackage 1 Project Management ViBRANT Virtual Biodiversity
Risk management requirements <ul><li>EU contractual obligation to manage risk </li></ul><ul><li>NHMMT lead risk management...
Examples of risks 5 Strategic committee to provide suggestions on revised work plan based on EU feedback.  High Med Projec...
Partner input <ul><li>Suggest potential risks for WP you are involved in </li></ul><ul><li>Suggest potential risks for oth...
Risk categories <ul><li>Likelihood: </li></ul><ul><li>Probability of risk occurring if no action </li></ul><ul><li>High:  ...
Upcoming SlideShare
Loading in …5
×

Nothing can possbily go wrong – Risk Analysis discussion

744 views
653 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
744
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Nothing can possbily go wrong – Risk Analysis discussion

  1. 1. Risk analysis Gemma Maldar NHM [email_address] Workpackage 1 Project Management ViBRANT Virtual Biodiversity
  2. 2. Risk management requirements <ul><li>EU contractual obligation to manage risk </li></ul><ul><li>NHMMT lead risk management - develop and maintain risk log </li></ul><ul><li>Risk log includes countermeasures to mitigate against risk </li></ul><ul><li>Partner input required </li></ul><ul><li>Aim is to reduce likelihood and/or severity of risk </li></ul><ul><li>Process: </li></ul><ul><ul><li>Gather suggestions (now) </li></ul></ul><ul><ul><li>NHMMT to have risk workshop – create risk log (Feb 2011) </li></ul></ul><ul><ul><li>Risk log circulated to all partners (Feb 2011) </li></ul></ul><ul><ul><li>NHMMT to update risk log and circulate to partners every 6 months </li></ul></ul>5
  3. 3. Examples of risks 5 Strategic committee to provide suggestions on revised work plan based on EU feedback. High Med Project fails Mid Term Review NHMMT to monitor activities of other projects and suggest modifications to work plan or collaborations as required Med Med Overlap of WP's with other EU funded projects GM to monitor spend and ensure partners stay within budget Med Low Overspend of funds NHMMT to monitor activities. Nominated deputies to assist in meeting of deliverables. High Med Partners not meeting deliverables GM to provide reporting templates and assist partners Med High Failure to produce reports on time Countermeasure Severity Likelihood Description
  4. 4. Partner input <ul><li>Suggest potential risks for WP you are involved in </li></ul><ul><li>Suggest potential risks for other WP or general project risks </li></ul><ul><li>Add counter measures if possible (i.e. what can be done to prevent the risk from becoming an issue) </li></ul><ul><li>15minutes to complete forms </li></ul><ul><li>Leave completed forms at end of row </li></ul><ul><li>Can email [email_address] if you think of additional risks after meeting </li></ul>5
  5. 5. Risk categories <ul><li>Likelihood: </li></ul><ul><li>Probability of risk occurring if no action </li></ul><ul><li>High: Very likely to almost certain </li></ul><ul><li>Medium : Quite likely to more likely than not </li></ul><ul><li>Low: Not very likely </li></ul><ul><li>Severity: </li></ul><ul><li>Impact on outcome if no action to mitigate its impact </li></ul><ul><li>High: Unable to meet project objectives or major deliverable(s): Extensive extra work to meet project objectives: </li></ul><ul><li>Medium: Unable to meet a project objective or full scope for a major deliverable: partial failure, some benefits not achievable. Significant work to meet project objectives </li></ul><ul><li>Low: Unable to meet some aspects of requirements: minor scope change, one or two benefits partly affected. Some extra work to meet project objectives </li></ul>5

×