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13.0 Risk Analysis

Severity Scale

  • 5 Very Severe
  • 4 Severe
  • 3 Moderate
  • 2 Small impact
  • 1 Little or no impact on the project

Risk of Occurrence

  • 5 Definitely will occur
  • 4 High risk of occurrence
  • 3 Moderate possibility of occurrence
  • 2 Small possibility
  • 1 Unlikely possibility of occurrence

Risk Response

  • 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