Академический Документы
Профессиональный Документы
Культура Документы
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Risk
Impact
Possible
Consequence
High
Risk rating
(uncontrolled)
Rare
Consequence
Low
Risk rating
(controlled)
green
yellow
amber
red
STEP 1 - choose one of the following to define the likelihood of the risk happening
Likelihood
level of risk
your assessment
Almost certain
Likely
Possible
Unlikely
Rare
STEP 2 - choose one of the following to define the consequence if the risk happens
Consequence
level of risk
your assessment
Extreme
High
Moderate
Low
Negligible
STEP 3 - use these two ratings to determine the overall risk rating (green/yellow/amber/red)
Plot the likelihood and consequence ratings on the matrix to identify the colour of the risk rating.
For example: a risk with a 'possible' likelihood and 'moderate' consequence would be rated as AMBER (where the two intersect on the matrix).
Likelihood
Consequence
Risk rating
rare
rare
unlikely
unlikely
rare
rare
unlikely
possible
possible
likely
rare
unlikely
possible
possible
likely
likely
almost certain
almost certain
unlikely
possible
likely
likely
almost certain
almost certain
almost certain
negligible
low
negligible
low
moderate
high
moderate
negligible
low
negligible
extreme
high
moderate
high
low
moderate
negligible
low
extreme
extreme
high
extreme
moderate
high
extreme
green
green
green
yellow
yellow
yellow
yellow
yellow
yellow
yellow
amber
amber
amber
amber
amber
amber
amber
amber
red
red
red
red
red
red
red
Contract documents
Terms and conditions unacceptable to service providers
Providing inadequate information method
Evaluating offers
Failure to follow effective evaluation procedures
Breaches of security
Offers fail to meet needs
Failure to identify a clear winner. Decision made on subjective grounds
Contract management
Variations in price and foreign exchange
Unwillingness of the service provider to accept the contract
Unwillingness of the service provider to accept the contract
Inadequately administering the contract
Commencement of work by the service provider before contract is exchanged or letter of acceptance issued
Unauthorised increase in scope of work
Loss of intellectual property
Failure to meet liabilities of third parties (e.g. royalties or third party property insurance)
Loss of or damage to goods in transit
Fraud
Key personnel not available
Supplier goes out of business
Disposal
Collusive bidding at auction
Inadequate tender management