Risk description Likelihood Mitigation Strategy Impact Contingency Who owns 1. Construction/Build 1.1 Does not meet requirements L WW through site H Rectify, Delay move, compromise 1.2 Requirements were wrong L Reviews, WW, early sign-off of L-H Contingency budget or Accept critical items 1.3 Cabling/power not completed on L WW inspection H Delay equipment installation time 2. Network 2.1 Insufficient funds for min. M Re-negotiate budget, redesign H Stage move over long period hardware & network network 2.2 H/W Delivery, DOA L Order early, regular enquiries, H Maintenance contracts & Vendor vendor inspection Certification 2.3 Incorrect design L External peer review L-M Use basic functionality. Seek vendor help 2.4 IP addressing schema fails L Don’t change L-H Regress 2.5 Performance issues with WAN L Identify and implement H Links monitoring and management processes 3. Organizational 3.1 Insufficient budget or budget over M Identify who is the approval & H Increase in budget approved delegate. run Project delayed Do detailed costing Scope of move reduced and Have budget approved compromise reached. 3.2 Timetable for move not approved M Sponsor and BU sign-off of H Delay relocation or not workable timeline
Risk description Likelihood Mitigation Strategy Impact Contingency Who owns 1. Construction/Build 1.1 Does not meet requirements L WW through site H Rectify, Delay move, compromise 1.2 Requirements were wrong L Reviews, WW, early sign-off of critical items L-H Contingency budget or Accept 1.3 Cabling/power not completed on time L WW inspection H Delay equipment installation 2. Network 2.1 Insufficient funds for min. hardware & network M Re-negotiate budget, redesign network H Stage move over long period 2.2 H/W Delivery, DOA L Order early, regular enquiries, vendor inspection H Maintenance contracts & Vendor Certification 2.3 Incorrect design L External peer review L-M Use basic functionality. Seek vendor help 2.4 IP addressing schema fails L Don’t change L-H Regress 2.5 Performance issues with WAN Links L Identify and implement monitoring and management processes H 3. Organizational 3.1 Insufficient budget or budget over run M Identify who is the approval & delegate. Do detailed costing Have budget approved H Increase in budget approved Project delayed Scope of move reduced and compromise reached. 3.2 Timetable for move not approved or not workable M Sponsor and BU sign-off of timeline H Delay relocation
ITS-ProjectRiskManagementPlan-Example.docx