RISK FUTURE CONTROLS / MITIGATION RISK SCENARIO FUTURE RISK RATING REF MEASURES RISK IMPACT IMPACT LIKELIHOOD TOTAL {1-5} {1-5} Delivery of the projects to meet Projects and/or programme does not Look at revising the offer letter to put financial and output targets in a deliver cost or quality requirements on stiffer penalties in place for timely manner are adversely time and fails to achieve the targeted achievement of outputs. affected by changes to factors such outputs and outcomes within the Growth as partner staffing resources, Deal timeframe. capacity or skills, planning or Potential to damage relationships with environmental issues, construction the LEP. 1 related factors, or financial issues, Reputation of the LEP as able to deliver 4 3 12 which could result in delays to bids submitted to Government is projects and/or the programme negatively affected. success given the sensitivity of the DCLG could potentially take back programme on a small number of flexibilities given to manage the LGF key projects. Programme. Could affect the award of future funding to the LEP. Overall programme performance LGF programme does not realise its - Agreement with DfT and grant recipients impacted by poor performance of economic growth targets due to nature of on monitoring and reporting requirements the Major transport Projects focus of Department of Transport against LGF targets. objectives versus LGF outputs/outcomes. - Work with DfT to understand the funding Achievement of the aims and objectives conditions and any conditions/clawback if of the programme adversely affected by the non-transport outputs are not any significant issue or risk in any one of achieved. 2 4 3 12 the projects. - Explore to tie in stronger penalties to Reputation of CWLEP to deliver is non-achievement of outputs to the funding adversely affected due to the scale of the offer. transport scheme projects.
RISK REF RISK SCENARIO FUTURE CONTROLS / MITIGATION MEASURES FUTURE RISK RATING RISK IMPACT IMPACT {1-5} LIKELIHOOD {1-5} TOTAL 1 Delivery of the projects to meet financial and output targets in a timely manner are adversely affected by changes to factors such as partner staffing resources, capacity or skills, planning or environmental issues, construction related factors, or financial issues, which could result in delays to projects and/or the programme success given the sensitivity of the programme on a small number of key projects. Projects and/or programme does not deliver cost or quality requirements on time and fails to achieve the targeted outputs and outcomes within the Growth Deal timeframe. Potential to damage relationships with the LEP. Reputation of the LEP as able to deliver bids submitted to Government is negatively affected. DCLG could potentially take back flexibilities given to manage the LGF Programme. Could affect the award of future funding to the LEP. Look at revising the offer letter to put stiffer penalties in place for of outputs. 4 3 12 2 Overall programme performance impacted by poor performance of the Major transport Projects LGF programme does not realise its economic growth targets due to nature of focus of Department of Transport objectives versus LGF outputs/outcomes. Achievement of the aims and objectives of the programme adversely affected by any significant issue or risk in any one of the projects. Reputation of CWLEP to deliver is adversely affected due to the scale of the transport scheme projects. - Agreement with DfT and grant recipients on monitoring and reporting requirements against LGF targets. - Work with DfT to understand the funding conditions and any conditions/clawback if the non-transport outputs are not achieved. - Explore to tie in stronger penalties to non-achievement of outputs to the funding offer. 4 3 12 achievement