7060 Risk Evaluation Matrix (1).xls

7060 Risk Evaluation Matrix (1).xls - Risk Evaluation Grid...

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Risk Evaluation Grid Project Name: Improvement IT system in University Prepared by: xxx Date: 1/4/2017 Impact on Project A B AxB 5 0.3 1.5 4 0.5 2 3 0.3 0.9 2 0.1 0.2 Identified Risk Impact rating Probability of occurring Risk priority number Mitigation action Could found perfect location within time limit Project can not be run ahead Contact with more real estate agents and try to find new location as soon as possible. Building Condition is not good at the time of renting Taking extra time to renovate and finishing it. Schedule will be delayed Increasing an efforts for the following events : Renovation and cleaning, Start construction, furniture and setting up equipments. Budget limit get exceeds due to installing some special kitchen appliances. In this case we have to: 1) Adjust with the degrade quality equipment, 2) Requesting an extra budget for the project, 3) Replacement of required equipments with other equipments, 4) Taking out that equipment if not important. If some bad happen with the brandname of specific company with
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