Project Risk of an SVR industry

Priority ID Responsible Person Risk Description Open Closed

1 A A1 MGT Sufficient funds cannot be raised Jan.12.23

within the required time frame

2 B B1 DM The conception is not completed on time Jan.20.23

3 B B2 Me Cost estimate is incorrect: not enough funds Feb.16.23

according to estimate

4 C C1 PM Delay on delivery of raw materials Feb.22.23

5 D D1 PRM The difference between the budgeted hours Feb.26.23

and the consumed manufacturing hours
6 D D2 PQM Quality inspection test show unconformity in Mar.05.23
the final product
Likelihood Rating Scale Description
5 Nearly Certain >80% Probability of occurring
4 Likely 50-80% chance of occurring
3 Possible 21-49% chance of occurring
2 Unlikely 1-20% chance of occurring
1 Rare <1% chance of occurring

Risk Assessment Matrix

 Severity

Likelihood 1 2 3
5 5 10 15
3 3 6 9
1 1 2 3

Impact Rating Scale Cost Schedule Scope Quality

Product end item is
effectively Poor delivery
useless rating
5 Very High < 20 000 MAD >6 months

Scope reduction unacceptable Inconsistent delivery rating

to sponsor

4 High < 15 000 MAD >6 months

Major areas of scope Average delivery

impacted rating
3 Moderate <12 000 MAD >3 months
Minor areas Low impact
of scope impacted on delivery rating
2 Low <10 000 MAD <1 month
1 Very Low <10 000 MAD 15 days Scope No impact
decrease insignificant