H, S 4 Delays from Consider if the supplier is able to Delays may result in costs Detail how the supplier will ensure they will 1-5 1-5 L, A/B/S supplier for the University. complete the procurement process deliver procurement within the specified M, in the time allowed. timeframe. H, S 5 Safety Some project may have particular If these particular Detail how safety and similar considerations 1-5 1-5 L, A/B/S considerations health and safety, biosafety or other considerations are not will be understood, documented, M, considerations. known or adhered to there communicated and managed. H, could be major S consequences. 6 Stakeholder Criticism from key stakeholders may Incorrectly managed Detail relevant stakeholders and how these 1-5 1-5 L, relations affect the success of any procurement stakeholder relationships considerations will be managed. M, activity. may have negative impacts H, on both the specific project S and wider relationship. 7 8 Key: L = Likelihood (1 – Rare, 2 – Unlikely, 3 – Possible, 4 – Likely, 5 – Almost certain) C = Consequence (1 – Insignificant 2 – Minor, 3 – Moderate. 4 – Major, 5 - Extreme) Refer to risk matrix for overall assessment Risk Tolerance (T- Tolerable, R – Reject as unacceptable risk)
H, S 4 Delays from supplier Consider if the supplier is able to complete the procurement process in the time allowed. Delays may result in costs for the University. Detail how the supplier will ensure they will deliver procurement within the specified timeframe. 1-5 1-5 L, M, H, S A/B/S 5 Safety considerations Some project may have particular health and safety, biosafety or other considerations. If these particular considerations are not known or adhered to there could be major consequences. Detail how safety and similar considerations will be understood, documented, communicated and managed. 1-5 1-5 L, M, H, S A/B/S 6 Stakeholder relations Criticism from key stakeholders may affect the success of any procurement activity. Incorrectly managed stakeholder relationships may have negative impacts on both the specific project and wider relationship. Detail relevant stakeholders and how these considerations will be managed. 1-5 1-5 L, M, H, S 7 8 Key: L = Likelihood (1 – Rare, 2 – Unlikely, 3 – Possible, 4 – Likely, 5 – Almost certain) C = Consequence (1 – Insignificant 2 – Minor, 3 – Moderate. 4 – Major, 5 - Extreme) Refer to risk matrix for overall assessment Risk Tolerance (T- Tolerable, R – Reject as unacceptable risk)
procurement-plan.docx