nothing can possbily go wrong – risk analysis discussion
DESCRIPTION
TRANSCRIPT
Virtual BiodiversityViBRANT
Risk analysis
Gemma MaldarNHM
ViBRANTVirtual Biodiversity
Workpackage 1Project Management
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Virtual BiodiversityViBRANT
Risk management requirements
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• EU contractual obligation to manage risk• NHMMT lead risk management - develop and maintain risk log• Risk log includes countermeasures to mitigate against risk• Partner input required• Aim is to reduce likelihood and/or severity of risk
• Process:• Gather suggestions (now)• NHMMT to have risk workshop – create risk log (Feb 2011)• Risk log circulated to all partners (Feb 2011)• NHMMT to update risk log and circulate to partners every 6 months
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Virtual BiodiversityViBRANT
Examples of risks
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Description Likelihood Severity Countermeasure
Failure to produce reports on time
High Med GM to provide reporting templates and assist partners
Partners not meeting deliverables
Med High NHMMT to monitor activities. Nominated deputies to assist in meeting of deliverables.
Project fails Mid Term Review
Med High Strategic committee to provide suggestions on revised work plan based on EU feedback.
Overlap of WP's with other EU funded projects
Med Med NHMMT to monitor activities of other projects and suggest modifications to work plan or collaborations as required
Overspend of funds Low Med GM to monitor spend and ensure partners stay within budget
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Virtual BiodiversityViBRANT
Partner input
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• Suggest potential risks for WP you are involved in• Suggest potential risks for other WP or general project risks• Add counter measures if possible (i.e. what can be done to
prevent the risk from becoming an issue)
• 15minutes to complete forms• Leave completed forms at end of row • Can email [email protected] if you think of additional risks
after meeting
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Virtual BiodiversityViBRANT
Risk categories
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Likelihood:Probability of risk occurring if no action• High: Very likely to almost certain• Medium: Quite likely to more likely than not• Low: Not very likely
Severity:Impact on outcome if no action to mitigate its impact• High: Unable to meet project objectives or major deliverable(s):
Extensive extra work to meet project objectives: • 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
• Low: Unable to meet some aspects of requirements: minor scope change, one or two benefits partly affected. Some extra work to meet project objectives