Risk Analysis, Sligo County Council - Comhairle Chontae Shligigh

13.0 Risk Analysis

Avoidance: Consequences are avoided by changing the project Plan.
Transfer: Transfer the consequences ownership and responsibility of the risk to a third party.
Mitigation: Reduction of the probability and/or severity of a risk to an acceptable threshold.
Acceptance: Accepting the consequences of the risk by developing a contingency plan or by accepting the impact of the risk

NB: This Risk Analysis is for the overall GIF submission. Each project has its own individual Risk Analysis included.

Priority	Risk Description	Severity	Risk of Occurrence	Risk Score	Risk Response	Risk response	Severity	Risk of Occurrence	Risk Score
1	Full amount of GIF funding not received.	5	3	15	Reassessment of project deliverables in light of funding gap.	Acceptance	5	2	10
2	Other funding sources do not materialise as planned.	5	3	15	Identify and apply for alternative funding.	Mitigation	5	2	10
4	Delays to work schedules	4	3	12	Regular Project Management meetings with reporting and review of progress. Use of appropriate project management tools and techniques to track project progress	Avoidance	4	2	8
5	Budget overruns	4	3	12	Regular Project Management meetings with fi nancial reporting and review of spending and income. Use of fi xed price contracts where possible	Avoidance	4	2	8
3	Breakdown of relationships with project partners.	4	2	8	Continue with discussions to overcome diffi culties. Develop appropriate communications plan to keep stakeholders up to date	Mitigation	3	1	4
4	Unforeseen difficulties arising in acquiring land.	4	1	4	Further discussions with landowners.	Mitigation	4	1	4