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Richards Unit 8 Risk Tables
Richards Unit 8 Risk Tables
Project
Very Low / .05 Low / .10 Moderate / .20
Objective
Insignificant cost
Cost ( C ) < 10% cost increase 10-20% cost increase
increase
Insignificant time
Time ( T ) < 5% time increase 5-10% time increase
increase
Quality reduction
Quality degradation Only very demanding requires sponsor
Quality ( Q ) barely noticeable applications are affected approval
Glue
Parachute
fails to open
Improper
Sanding C= .05 Q= .10 T= .20
Improper
Decal C= .10 T= .20, Q= .20
placement
Delayed
delivery of
T= .20, Q= .20
materials and
equipment
Key
personnel C= .05 Q= .10 T= .20
unavailable
Propellent
C= .05 T= .10, Q= .10
fails to light
Materials
C= .05 Q= .10 T= .20
shortages
Damage to
original parts
Q= .05 T= .10
provided in
kit
0.06
Task 3 (0.11)
0.30 0.02 0.03 Task 7
(0.05)
Task 8 (0.04)
0.01 0.01
0.10 0.02
Task 10 (0.001) Task 9 (0.02)
High / .40 Very High / .80 Priority Type of Action/or Cause of Risk
Check packing of
C= .80, T= .80, Q= .80 2
parachute
Make delivery a
5 requirement in supplier
contract
Change schedule if
10
necessary
0.40
0.20 0.40 0.20
Task 1 (0.40)
0.04
Task 5 (0.08) 0.08 0.08 0.04
Task 6 (0.07)
2. Possible packing of
0.10 0.05 0.03
parachute too tight
3. Uneven sanding
0.06 0.03 0.02 causes improper paint
adherence
5. Make delivery a
0.20 0.10 0.05 requirement in supplier
contract