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The NCSX Risk Register is the vehicle for
documenting identified risks, risk mitigation activities, affected jobs,
ownership responsibilities, retirement deadlines, likelihood, consequences,
estimated impacts and their bases, and the risk level classification. The Risk
Register is intended to be a "living document" that will be updated to add,
modify, and/or retire risks.
Any person on the project may submit a Risk
Register item using the Risk Register Input Form as linked below.
Additionally, a link to the latest version of the Risk Register (in pdf format)
is also provided.
The Risk Register Input Form contains the
following information that needs to be provided by the person submitting the
request:
| Risk
Register Column Title |
Completed by Submitter? |
Description |
| |
|
|
| Risk Number |
No |
Will
be assigned by the NCSX Project Office - leave blank on Form |
| Affected Jobs
|
Yes |
List the jobs
that will absorb the risk if it materializes |
| Risk Description |
Yes |
Description describing
thhe negative outcome (or in the case of an opportunity, the positive
outcome), that might occur if not successfully mitigated. |
| Mitigation Plan |
Yes |
Describes the budgeted
tasks or activities to reduce the consequences. Identifies the Job
number where the mitigation activity is budgeted in the project
baseline. Note that the mitigation responsibility is often in a
different job from the affected job. |
| Deadline to Retire the
Risk |
Yes |
Sets a date (or event)
when the risk will be retired. If not retired, when the consequences
will be accepted and contingency drawn, if necessary, to cover it.
Note: Should be linked to an item/milestone/event
on the Resource Loaded Schedule -- if not propose a new event to be
added to the Resource Loaded Schedule. |
| Owner |
Yes |
The person assigned by
the Project to be responsible for reporting the status of the risk. Can
be the job manager responsible for the mitigation effort, the job
manager of the affected job, or a line manager. Can change with time. |
| Current Status |
Yes |
Status of the risk and
any mitigation activities. The owner is responsible for keeping this
information up to date => may be updated
anytime, but at a minimum at the monthly Job Stat using Meeting. |
| Likelihood of Occurrence |
Yes |
Probability that the risk will materialize -
See Table Below for guidance
=> Select probability of
occurrence and then enter appropriate likelihood classification.
|
| Consequence |
No |
Categorization of impact -
Project Office will complete this based on Monte Carlo Risk Based Model. |
| Risk Ranking |
No |
Categorization dependent
upon identified likelihood and impact assessments provided by submitter
- Project Office will complete this based on Monte Carlo Risk Based
Model. |
| Basis of Estimate |
Yes |
Submitter will briefly describe what the cost and
schedule impacts were based upon. |
| Cost Impact (K$) |
Yes |
Submitter's estimate of cost impact if risk
materializes. |
| Schedule Impact (Months) |
Yes |
Only schedule impact against critical path =>
if not impacting critical path, put 0 --
otherwise put in impact in months on the critical path. |
|
Risk Likelihood of Occurrence |
|
Classification |
Probability of Occurrence |
|
Very Likely (VL) |
P≥ 80% |
|
Likely (L) |
80%< P
≥ 40% |
|
Unlikely (U) |
40% < P
≥ 10% |
|
Very Unlikely (VU) |
10% < P
≥ 1% |
|
Not Credible (NC) |
P
<
1% |
-
Risk Register Input Form =>
click here to download the Form -
when completed, forward to the H. Neilson and Bob Simmons
with copy to the Responsible Line Manager (Phil Heitzenroeder/Larry Dudek/Al
vonHalle) and Ron Stykowsky.
-
Latest version of the NCSX
Project Risk Register (each includes Record
of Changes page, Risk Register, Risks Retired and/or Deleted, and a
Summary/Trend Analysis Page)
-
Sorted by Risk Register Item => Click
here to view
-
Sorted by Owner => Click
here to view
-
Sorted by Risk Estimate => Click
here to view
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