Risk Management
This page contains a list of relevant risks to the project and the method by which they will be managed
Name of Risk | Description | Impact score and comments | Likelihood of occuring | Method of Management |
|---|---|---|---|---|
Individual subteam schedule slips | One part of the project or the whole project does not meet the planned schedule. | 1-2 It depends on the nature of the slip. Most of these types of schedule slips will be short term and low-stakes. | 90% | Accept the risk |
Schedule slip causes project to miss proposal deadline |
| 4-5 This | 20% |
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Impact score
The impact score is on a scale from 1 to 5, 1 being minimal impact and 5 being severe. Impact scores can be a range.
Methods of Management
There are 4 ways we can respond to risk:
Accept the risk
Transfer the management of the risk to another team
Mitigate the risk
Avoid the risk