Are there sufficient contingencies included in the budget to address potential cost increases as design/scope details are further refined and confirmed? [Ministry/Agency Mitigation Measures/Comments]: Initial Risk Rating Ministry of Finance Comments/Rationale Residual Risk Rating (Low/Med/High) (Low/Med/High) B.5 FINANCIAL B.5.1 the project have a significant impact on the Fiscal Plan? Need to consider the following: Ongoing maintenance and operating costs Revenue generation and related risks (e.g. market risks) [Ministry/Agency Mitigation Measures/Comments]: Initial Risk Rating Ministry of Finance Comments/Rationale Residual Risk Rating (Low/Med/High) (Low/Med/High) B.5.2 Has a draft project capital budget been developed? If so, are the key underlying assumptions clearly stated and reasonable (e.g. capital costs estimate reviewed by a Quantity Surveyor and based on either conceptual, indicative or detailed design drawings or based on unit costs for recently completed similar projects)? [Ministry/Agency Mitigation Measures/Comments]: Initial Risk Rating Ministry of Finance Comments/Rationale Residual Risk Rating (Low/Med/High) (Low/Med/High) B.5.3 Is funding for the capital infrastructure project included within the ministry’s approved capital plan? If so, what type of approval has been provided (e.g. notional approval)? [Ministry/Agency Mitigation Measures/Comments]: Initial Risk Rating Ministry of Finance Comments/Rationale Residual Risk Rating (Low/Med/High) (Low/Med/High)
Are there sufficient contingencies included in the budget to address potential cost increases as design/scope details are further refined and confirmed? [Ministry/Agency Mitigation Measures/Comments]: Initial Risk Rating (Low/Med/High) Ministry of Finance Comments/Rationale Residual Risk Rating (Low/Med/High) B.5 FINANCIAL B.5.1 the project have a significant impact on the Fiscal Plan? Need to consider the following: Ongoing maintenance and operating costs Revenue generation and related risks (e.g. market risks) [Ministry/Agency Mitigation Measures/Comments]: Initial Risk Rating (Low/Med/High) Ministry of Finance Comments/Rationale Residual Risk Rating (Low/Med/High) B.5.2 Has a draft project capital budget been developed? If so, are the key underlying assumptions clearly stated and reasonable (e.g. capital costs estimate reviewed by a Quantity Surveyor and based on either conceptual, indicative or detailed design drawings or based on unit costs for recently completed similar projects)? [Ministry/Agency Mitigation Measures/Comments]: Initial Risk Rating (Low/Med/High) Ministry of Finance Comments/Rationale Residual Risk Rating (Low/Med/High) B.5.3 Is funding for the capital infrastructure project included within the ministry’s approved capital plan? If so, what type of approval has been provided (e.g. notional approval)? [Ministry/Agency Mitigation Measures/Comments]: Initial Risk Rating (Low/Med/High) Ministry of Finance Comments/Rationale Residual Risk Rating (Low/Med/High)
carg_template_8_capital_project_risk_screen_tool.docx