Risk / Issue Form
Project:
Project Manager:
Select Type:
Risk
Issue
Identifier:
Risk / Issue Title:
Raised By:
Date Raised:
Detailed Description of Risk / Issue:
Risk / Issue Category
Planning
Product / Service
Tender Process
Industry and Suppliers
Management
Stakeholders
Contract
Student, Workforce, Public Safety
Other
Primary Impact Category
Budget
Schedule
Quality
Health, Safety & Welfare
Regulatory / Legal
Reputation / Image
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12 February, 2016
Initial Assessment
Risk
Impact
Minor
Modest
Serious
Critical
Catastrophic
Likelihood
Rare
Unlikely
Slight
Likely
Almost Certain
Issue
Impact
Minor
Modest
Serious
Critical
Catastrophic
Risk / Issue Treatment (Actions)
ID
Action
Owner
Due Date
Residual Assessment
Risk
Impact
Minor
Modest
Serious
Critical
Catastrophic
Likelihood
Rare
Unlikely
Slight
Likely
Almost Certain
Issue
Impact
Minor
Modest
Serious
Critical
Catastrophic
Overall Risk / Issue Rating
Low
Medium
High
Extreme
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12 February, 2016
Impact
AREA OF IMPACT - PROJECT RISK
Budget
Schedule
Quality
Health, Safety &
Welfare
Regulatory / Legal
Reputation / Image
Over Expenditure /
Unforeseen Costs /
Cost Increases etc.
Project milestones /
deadlines
Quality of project
deliverable
Health, safety and welfare
of University students,
workforce and community
Contravention of legal, regulatory, policy requirements /
obligations
Adverse media coverage / Loss of stakeholder trust, confidence
IMPACT
SCORE
5
> 10% impact on
project budget
Catastrophic
4
Critical
3
Serious
2
Modest
1
Minor
Long term or indefinite
delay to delivery of
critical deadline /
milestone
Between 5% and
10% impact on
project budget
Major delay to delivery
of critical deadline /
milestone
Between 1% and
5% impact on
project budget
Moderate, manageable
delay to delivery of
critical deadline /
milestone
Between 0.5 and
1% impact on
project budget
Slight, manageable
delay to delivery of
critical deadline /
milestone
Up to 0.5%
impact on project
budget
No time impact
Project fails to meet
specifications /
business requirements
and deliverable is
completely unuseable
or ineffective
Project does not meet
all specifications /
business requirements
but deliverable is still
useable / effective
Breach of one or two
minor specifications
not in business
requirements
One or more fatalities,
multiple severe
irreversible injuries or
permanent ill health
Extreme legal, regulatory, or internal policy failure
Long term or irreparable damage to reputation & image
Reference: non-compliance with potential for
criminal prosecution, substantial fines, revocation of
licence, class action
Reference: long term adverse national and / or
international media coverage, irreparable loss of
confidence and trust in University by broader community
Severe injury / illness
requiring hospitalisation
Major legal, regulatory, or internal policy failure
Significant long term damage to reputation & image
Reference: non-compliance with potential for
prosecution, large fines, regulatory action, potential
for litigation
Reference: extended adverse national and / or
international media coverage, general loss of confidence
and trust in University by broader community
Moderate legal, regulatory, or internal policy failure
Limited short term damage to reputation and image
Reference: non-compliance incident reportable to
industry regulator, increased regulatory attention
Reference: limited adverse national and / or local media
coverage, loss of confidence and trust in University by
impacted stakeholders
Injury / illness requiring
First Aid or limited
medical treatment
Limited legal, regulatory, or internal policy failure
Minor damage to reputation and image
Reference: isolated non-compliance event, resolved
without penalty
Reference: complaints and concerns from students or
other stakeholders; isolated local adverse media coverage
Minor injury with no
treatment required
Minor legal, regulatory, or internal policy failure
Little or no damage to reputation
Reference: isolated non-compliance without
potential for penalty and resolved internally
Reference: small number of complaints and concerns
from students or other stakeholders, able to be managed
internally, no adverse media coverage
Injury or illness requiring
extended recovery time
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Likelihood
LIKELIHOOD - PROJECT RISK
Rating
Descriptor
Almost Certain
Will occur regularly during the project
Likely
Might occur several times during the project
Slight
Might occur once during the project
Unlikely
Rare
Does occur on some projects from time to time
May only occur in exceptional circumstances
Overall Risk Rating Matrix
Catastrophic
Critical
Serious
Modest
Minor
Almost Certain
E
E
H
M
M
Likely
E
E
H
M
M
Slight
E
H
M
M
L
Unlikely
E
H
M
L
L
Rare
H
M
M
L
L
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12 February, 2016