Project Risk Management Process Flowchart Page 1 of 2

IMS-OG-GL-RSK-PFL-0001
Revision: 00 Date: 14-Sep-2016 Originated By: T. Farrell Checked By: A. Griffin QA/SSHE: B. Hawco Approved By: A. Griffin

Client Risk
Policies

Lessons Regulatory Risk updates

Risk updates Risk updates
Learned requirements

Periodic

Process Risk Project Document

Project Start-Up Project Oversight Identify Risks Analyze Risks Mitigate Risks Report Risks
Starts Management Distribution
2 2

Risk
Risk Updated
Initial Project Updated Updated Risk Updated Risk Risk Risk Action
Action Interim Project
Risk Register Interim Project Interim Project Database Interim Project Database Database Report Plan
Plan Risk Register 3
Risk Register Risk Register Risk Register 3
1

No

Have all Risks been

accepted / retired /
transferred?

Yes

Final Risk
Register
(PM)
4

Risk and Manage Risk and

Close Project Risk Process
Contingency Contingency
Register
Project Close-Out
Ends
Management Allowances

Risk
Contingency Risk Lessons
Allowances Database Learned
(PC) Report

Symbol Legend:

Decision Predefined Off Page Primary Flow Branch Notes:

Document Process Preparation Terminator Data Database - Yellow symbols indicate outputs and blue symbols indicate predefined processes .
Tree Process Reference Connector Connector
- Process Scope, Assumptions, Constraints, Guidelines and References are on page 2.

IMS-OG-GL-RSK-PFL-0001_00.vsd This Hard Copy is Uncontrolled Oil & Gas

 Project Risk Management Process Flowchart Page 2 of 2
IMS-OG-GL-RSK-PFL-0001
Revision: 00 Date: 14-Sep-2016 Originated By: T. Farrell Checked By: A. Griffin QA/SSHE: B. Hawco Approved By: A. Griffin

PROCESS SCOPE, ASSUMPTIONS AND CONSTRAINTS PROCESS CLARIFICATIONS AND NOTES

Process Owner
Clarifications:
- Senior VP, Commercial & Risk The activities detailed in this process will be scaled as needed depending on the size, nature and scope of the contract.
“Stature” software, the corporate risk tool, and Project Schedule Risk Analysis Procedure can be used for project risk
Scope management on lump sum projects for large project mandates.

- This process applies to all work executed by the SNC-Lavalin O&G Business Sector.
Notes:
Revision Changes 1. The Project Risk Register is updated post Internal Kick-Off meeting and the Client Kick-Off meeting during Project Start-
Up.
- First Issue 2. Based on the nature and scope of the project, Risks are identified and reviewed during the life cycle of project execution
at certain times in the project such as during coordination meetings between SNC-Lavalin and the Client, during Internal
Project meetings, during Progress Review meetings and during Project Review meetings with SNC-Lavalin Senior
Management.
3. For each Risk, a single owner is assigned by the Project Manager. This person is responsible for managing the Risk
which includes assigning actions to other project stakeholders and ensuring that those actions are completed on time such
that the Risk may be mitigated.
4. The Final Risk Register is compiled as information for Lessons Learned.

DEFINITIONS AND ABBREVIATIONS REFERENCES

· Contingency Allowance – An allowance to cover undefined items of work which will have to b performed or · IMS-OG-GL-PM-PFL-0002 – Project Start-Up Process Flowchart
elements of cost which will be incurred within the defined scope of work of the estimate. · IMS-OG-GL-PM-PFL-0003 – Project Oversight Process Flowchart
· IMS-OG-GL-PM-PFL-0004 – Project Close-Out Process Flowchart
· PC – Project Controls
· IMS-OG-GL-PC.DCC-PFL-0009 – Project Document Distribution Process Flowchart
· PM – Project Management · IMS-OG-GL-RSK-TMP-0001-01 – Project Risk Register Template
· IMS-OG-GL-PC.PLN-PRO-0005 – Project Schedule Risk Analysis Procedure
· Project Risk Management – This is concerned with future events, where exact outcome is unknown and with how
· Procedure No: 2225 – Corporate Project Risk Management
to deal with those uncertainties. In general, outcomes are categorized as favourable (opportunities) and
unfavourable (threats) and Project Risk Management is the art and science of identifying, analyzing, prioritizing and
treating by mitigation strategies and actions these future events to ensure more favourable outcomes throughout
the project lifecycle.
· Risk Allowance – An allowance which is added to an estimate to account for events that are not included in the
base estimate or forecast but nevertheless may occur during the life of the project.

IMS-OG-GL-RSK-PFL-0001_00.vsd This Hard Copy is Uncontrolled Oil & Gas