NJDOT RISK MANAGEMENT Project Manager: Municipality(ies):

Quantitative Risk Analysis Worksheet Designer: County(ies):

NJDOT Project Job No.: Initial Register Date:

Project Name: NJDOT UPC #: Last Register Update:

Risk Rank & ID Risk Statement & Category Risk Analysis Matrix Risk Response Strategy & Response Planning
Risk Category Risk Impact Quantitative Risk Impact
Risk Rank Unique ID # Alternative ID # Risk Statement Schedule Cost Final Schedule Impact Cost Impact Risk Response Risk Response Action Plan
Initial Risk Owner Risk May Occur In Risk Probability Schedule Cost Score Score Score Strategy
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 Impact Definitions
Rating --> Very Low Low Moderate High Very High

Cost Impact of Insignificant cost

<5% cost increase 5-10% cost increase 10-20% cost increase >20% cost increase
Threat increase

Cost Impact of Insignificant cost

<1% cost decrease 1-3% cost decrease 3-5% cost decrease >5% cost decrease
Opportunity reduction

Schedule Impact of
Insignificant slippage <1 month slippage 1-3 months slippage 3-6 months slippage >6 months slippage
Threat

Schedule Impact of Insignificant <1 month 1-2 months 2-3 months >3 months
Opportunity improvement improvement improvement improvement improvement

Probability 1–9% 10–19% 20–39% 40–59% 60–99%

Risk Matrix
5 - Very High 5 10 20 35 50
4 - High 4 8 16 28 40
Probability Rating 3 - Moderate 3 6 12 21 30
2 - Low 2 4 8 14 20
1 - Very Low 1 2 4 7 10
1 2 4 7 10
Very Low Low Moderate High Very High
Impact Rating