3.7.1 Methodology Risk appraisal has been undertaken and involved the following distinct elements: identifying all the possible business and service risks associated with each option assessing the impact and probability for each option calculating a risk score. 3.7.2 Risk scores The workshop assigned the risk scores shown in the following table on the basis of participants’ judgment and assessment of previous procurements. A more detailed assessment of the individual risks is shown in the risk register. The range of scales used to quantify risk was as follows: low equals 2 medium equals 3 high equals 5. Table 11: summary of the risk appraisal results Summary of Risk Risk Impact Option 1 Option 2 Option 3 PSC Option 4 – – – – Appraisal Results: category no. do PSC more PSC less OBC minimum ambitious ambitious (Pr = probability) Pr. Tot. Pr. Tot. Pr. Tot. Pr. Tot. Risk description Risk description Risk description Risk description
3.7.1 Methodology Risk appraisal has been undertaken and involved the following distinct elements: identifying all the possible business and service risks associated with each option assessing the impact and probability for each option calculating a risk score. 3.7.2 Risk scores The workshop assigned the risk scores shown in the following table on the basis of participants’ judgment and assessment of previous procurements. A more detailed assessment of the individual risks is shown in the risk register. The range of scales used to quantify risk was as follows: low equals 2 medium equals 3 high equals 5. Table 11: summary of the risk appraisal results Summary of Risk Appraisal Results: OBC (Pr = probability) Risk category no. Impact Option 1 – do minimum Option 2 – PSC Option 3 – PSC more ambitious Option 4 – PSC less ambitious Pr. Tot. Pr. Tot. Pr. Tot. Pr. Tot. Risk description Risk description Risk description Risk description
OBC.docx