Impact scale Major Huge consequences Moderate Moderate level consequences Minor Minor or negligible consequences of effects Risk evaluation combines the likelihood together with the level of impact to evaluate the potential severity of risk. Risk evaluation is categorised by extreme, high, medium and low. For example if a risk was determined as under the likelihood scale and on the impact scale then the risk would be evaluated as ‘likely’ ‘moderate’ medium. Risk evaluation scale Very likely Medium High Extreme Likely Low Medium High Unlikely Low Low Medium LIKELIHOOD Minor Moderate Major IMPACT The last step in the risk assessment process is to identify treatments/actions based on the risk evaluation. The treatment/action should reflect the level of risk. Obviously the higher the risk evaluation the more priority should be given to ensuring the risk is mitigated. Evaluation The final step in developing your M&E Plan is to consider how you will periodically evaluate your project. Project evaluation requires you to critically analyse your activities and outputs and determine the extent to which your objectives are being met or have been met during the project and at project completion. The Trust has developed a number of key evaluation questions that relate to most projects and should be used to evaluate your project (please see below). Also, the Trust encourages you to develop additional key evaluation questions which specifically relate to your project. You will be required to reflect on your key evaluation questions in your progress and final reports to the Trust. Here are some other examples you may use: To what extent did you achieve your objectives? How effectively and efficiently did you achieve your objectives? Will the outcomes continue once the project has been completed? project’s If your outcomes are different to those planned, what impacted on the results? What of those were within your control? What of those were outside your influence? What would you do differently? Was the project cost effective? How well did you make use of available resources? Did the methods chosen to implement the project ensure success? Who did not get involved in the project and why?
Impact scale Major Huge consequences Moderate Moderate level consequences Minor Minor or negligible consequences of effects Risk evaluation combines the likelihood together with the level of impact to evaluate the potential severity of risk. Risk evaluation is categorised by extreme, high, medium and low. For example if a risk was determined as ‘likely’ under the likelihood scale and ‘moderate’ on the impact scale then the risk would be evaluated as medium. Risk evaluation scale LIKELIHOOD Very likely Medium High Extreme Likely Low Medium High Unlikely Low Low Medium Minor Moderate Major IMPACT The last step in the risk assessment process is to identify treatments/actions based on the risk evaluation. The treatment/action should reflect the level of risk. Obviously the higher the risk evaluation the more priority should be given to ensuring the risk is mitigated. Evaluation The final step in developing your M&E Plan is to consider how you will periodically evaluate your project. Project evaluation requires you to critically analyse your activities and outputs and determine the extent to which your objectives are being met or have been met during the project and at project completion. The Trust has developed a number of key evaluation questions that relate to most projects and should be used to evaluate your project (please see below). Also, the Trust encourages you to develop additional key evaluation questions which specifically relate to your project. You will be required to reflect on your key evaluation questions in your progress and final reports to the Trust. Here are some other examples you may use: To what extent did you achieve your objectives? How effectively and efficiently did you achieve your objectives? Will the project’s outcomes continue once the project has been completed? If your outcomes are different to those planned, what impacted on the results? What of those were within your control? What of those were outside your influence? What would you do differently? Was the project cost effective? How well did you make use of available resources? Did the methods chosen to implement the project ensure success? Who did not get involved in the project and why?