Managing Risks and Issues

Issue, what we bring, what we do

Uncertainty of delivery in terms of both time and

cost leading to requirement to identify events
that may impact on the project objectives and
Issue

take appropriate action to reduce threats or Approach

maximise opportunities.

• Risk Management Planning, defining the

processes and tolerances
• Risk Modelling and Analysis to determine the
likely risk scenarios – Monte Carlo Analysis –
Activities

QSRA, QCRA
• Risk intervention planning o assess the
cost/benefit in taking action to address a risk
• Risk intervention tracking – validation of the
impact of action taken.
• Issue management to ensure risks that
materialise are elevated to the appropriate
decision making governance level.

Amber Risks, 17

• Increased certainty of delivery Red Risks, 4

• Reduced change
Outcomes

Opportunities, 3
Green Risks, 3

• Avoidance of threats
• Maximisation of Opportunities
• Appropriate financial provisions for
uncertainty

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