1 Structure collapse Catastrophic

2 Exchange rate Moderate

3 Inflation Moderate

4 Design changes Major

5 Operation cost Minor

6 Maintenance Moderate

7 Procurement management Major

8 Regulatory aspects Minor

9 Completion acceptance Catastrophic

10 Resources shortage Moderate

11 Contract management Minor

12 Training Moderate

13 Market price increase Minor

14 Management control Catastrophic

15 Time overrun Moderate

16 Cost overrun Moderate

17 Emergency conditions Minor

18 Natural crisis Minor

19 Marketing Moderate

Qualitative Risk assessment

# Risk Description Concquences

Rare Medium

Likely Medium

Almost certain High

Possible High

Likely Medium

Likely Medium

Likely High

Possible Medium

Almost Certain Extreme

Possible Medium

Possible Medium

Likely Medium

Possible Medium

Almost Certain Extreme

Possible Medium

Possible Medium

Unlikely Low

Rare Low

Likely Medium

Qualitative Risk assessment

Likelihood Risk priority

1

2

3

4

5

6

7

8

9

10

Risks Treatment Response

Ser No. RISK Risk Priority

Structure collapse LOW

Exchange rate MEDIUM

Inflation MEDIUM

Design changes HIGH

Operation cost LOW

Maintenance cost MEDIUM

Procurement

management HIGH

Regulatory

aspects LOW

Completion

acceptance HIGH

Resources

shortage MEDIUM

o Ensure a good maintenance program

o Provide on job training for staff before official operation

Risks Treatment Response

Risk Treatment Response After Treatment

Priority Risk transfer by Insurance policy, in addition to consultants' professional

liability insurance as a contract requisite Very Low

Risk Sharing as per contractual arrangements Medium - Low

Risk Sharing as per contractual arrangements Medium - Low

Refer to enclosed Action plan  

Risk Mitigation by: o Afford professional operation staff

Very Low

o Provide staff training on emergency cases.

Risk Mitigation by proper planning to afford professional staff , choosing a reliable material, systems and Equipment, using a professional & good reputable contractors

Low Ensure a good maintenance program, Provide on job training for staff before official operation, and Provide staff training on emergency cases.

Refer to enclosed Action plan  

Risk Retention / Acceptance. Low

Refer to enclosed Action plan  

Risk Mitigation, using a prequalification system for choosing best resources, and using a good fair prices, and balanced contracts to

encourage professional resources to participate. Medium - Low

Construction Procurement Management

High High High

X Y Z " Project " Risk Action Plan

Element: RISK

Likelihood Impact Agreed Risk Level

Risk Description: ·Ensure hiring the required professional level of staff, the aimed quality material, labors and

equipment to ensure end results, quality and image.

·Availability of material in the market, and its life cycle cost is considered.

·Procurement plan and procedures should be followed. Current Controls and

Plans: Apply Procurement management plan, using standard contract forms Additional Actions

recommended: Use prequalification procedures to screen for the required professional level

Responsibility: Project Manager

Resources required: Project Manager, and Project Coordinator

Timing: Key milestones: All the project time, as needed

  Closure: -

Reporting to : Top Management When: Form to be used :

Short list 

Tender Evaluation report 

References: Procurement management plan

Procurement Procedures

Design Changes 4

Almost Certain High High Repetitive

Design Manager / Tech. coordinator to ensure send required information on time

X Y Z " Project " Risk Action Plan

Element: RISK Risk Register No.

Technical

Likelihood Impact Agreed

Risk Level Inherent Risk Level

Risk Description:  ·Applying fast track approach let us start tender and construction of contracts packages while design works is still in progress to some extent.

·Multi investors / owner with different back grounds, would make some different point of view, that may be reflected in designs.

·Starting with a P.M. on board, continuous coordination meetings, milestones on design schedule for approvals and owner decisions to reduce its impact.

Current Controls and

Plans: Project master plan, design phase have milestones for designs owner

approvals, coordination meetings for different parties to be informed and

discuss different point of view. Additional Actions

recommended: Written approvals at different design stages milestones before progressing Responsibility:

Project manager to get owner/s approvals, at the planned milestones

Resources required: Management, and design team.

Timing: Key milestones At the end of each design stage

  Closure At the end of design phase.

Reporting to: Project Manager When:

  Design Manager / Tech. Coordinator

Form to be used: Design Change request form ( DCRQ )  References:

Project time schedule - Detailed design phase schedule

Change management procedures

7

Repetitive

X Y Z " ProjectRisk Action Plan

Risk Register No.

Inherent Risk Level

Ensure hiring the required professional level of staff, the aimed quality material, labors and

equipment to ensure end results, quality and image.

Availability of material in the market, and its life cycle cost is considered.

Procurement plan and procedures should be followed.

Apply Procurement management plan, using standard contract forms

Use prequalification procedures to screen for the required professional level

All the project time, as needed

When: after selection

4

Repetitive

Design Manager / Tech. coordinator to ensure send required information on time

X Y Z " Project

Risk Register No.

Inherent Risk Level

Applying fast track approach let us start tender and construction of contracts packages while design works is still in progress to some extent.

Multi investors / owner with different back grounds, would make some different point of view,

Starting with a P.M. on board, continuous coordination meetings, milestones on design schedule for approvals and owner decisions to reduce its impact.

Project master plan, design phase have milestones for designs owner

approvals, coordination meetings for different parties to be informed and

discuss different point of view.

Written approvals at different design stages milestones before progressing

Project manager to get owner/s approvals, at the planned milestones

Management, and design team.

At the end of each design stage

Closure At the end of design phase.

ASAP

Project time schedule - Detailed design phase schedule