Download RISK ANALYSIS MATRIX

KEY:
Impact
Likelihood
5 Potentially Fatal
5 Highly Likely
4 Major Disruption
4 Likely
3 Problematic
3 Possible
2 Inconvenient
2 Low Probability
1 Little impact
1 Unlikely
RISK ANALYSIS MATRIX
Risk
Effect
Impact
Likelihood
5
1
Response
Risk Management
In-house replacement - Liam Biggs.
All production and quality assurance systems in place
(for example, water quality and feed).
Personnel: Loss/withdrawal
Thomas Biggs
Loss of key personnel – central authority
and decision maker.
Loss of intellectual property.
Farm records to be kept up to date.
Potential loss of key values.
Regular staff meetings and reporting.
Major disruption.
Liam Biggs
Loss of intellectual property.
All systems in place – administration (QA measures
includes financial reporting, procedures and protocols).
All staff familiar with processes.
Loss of access to latest techniques.
Regular progress reports from contractors.
Loss of overall organisation and key
contact with contractors.
4
2
In-house replacement -Caitlin Biggs.
Regular report to staff meetings.
Caitlin Biggs
Loss of supporting role.
2
3
No replacement necessary at this stage.
N/A
Yossie Bergman
Loss of experience with understanding
of farm processes.
3
3
In-house replacement - Peter Van Nyugen.
Farm records to be kept up to date.
Regular reporting to manager.
Loss of intellectual property.
Peter Van Nyugen
Loss of good farm hand with knowledge
of harvesting techniques.
2
3
Bring in replacement – contact employment agency
and hire a person with aquaculture experience.
Farm records to be kept up to date.
Regular reporting to manager.
Rapid briefing.
Scheduling
Puts other work behind – ponds not
fertilised – fish can’t be stocked.
3
3
Hold fingerlings in purging tanks for four weeks.
Pond management schedule to be revised and given
higher priority
Miscommunication with
contractors
Concrete team arrives two days early –
earthmoving not completed.
2
1
Get concreters to form a slab for future processing
shed.
Ensure that schedule is reviewed on a regular basis
Miscommunication with staff
O2 bottles not filled – transport of
fingerlings cannot be carried out.
4
4
Fingerlings need to be moved from tanks as
stocking density getting too high. Stop feeding
fingerlings. Race into town and fill bottles.
Ensure that staff know that when the bottles are placed
in the EMPTY rack it is a priority when they go to town to
fill them. Note: This instruction needs to be added to the
Operations Manual, but in the meantime, post it to the
staff noticeboard in the crib room.
Electrician’s bill comes in 30% more
than expected. He claims he wasn’t told
of the requirement for waterproof fittings.
2
2
Obtain at least three quotes for every job and rate
accordingly.
Keep records of previous quotes and compare.
Missed deadline
Communication
Contractors
Quotes
Evaluate completed work and make recommendations if
contractor is to be used in the future for similar jobs.
Request names of previous clients to obtain references.
Always get formal agreement (letter of contract). Set
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KEY:
Impact
Likelihood
Risk
Effect
Progress payments
Two payments are requested from
contractors at the same time. Lack of
cash flow prevents a deposit being paid
for fingerlings.
Impact
Likelihood
5 Potentially Fatal
5 Highly Likely
4 Major Disruption
4 Likely
3 Problematic
3 Possible
2 Inconvenient
2 Low Probability
1 Little impact
1 Unlikely
Response
Risk Management
milestone an inspection dates. Prior to employing make
sure cash flow can meet the commitments.
Set milestone dates for evaluation of satisfactory
work and establish instalment payments for
progress.
Make instalment payments at milestones for the large
projects.
Final payment not made until work is inspected (applies
to both small and large projects).
Standby contractor
Standby contractor gets called to
another region for work.
3
3
Let the existing contractor know what’s happened.
Try and arrange another.
Pay the standby contractor in future a holding fee
Processing
Pumps breakdown in shed.
3
4
Contact the Co-op to use their purging tanks.
Check the maintenance schedule on pumps and modify
if necessary.
Hard Infrastructure
Road access in winter is limited to one
track.
4
3
Ensure that winter track has gravel shoulders. Have
backhoe and or tractor ready in case trucks get
stuck. Advise drivers of risk prior to arrival.
Revise the access to property.
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