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WLA Transport Efficiency Project APPENDIX C RISK REGISTER 1 WLA Transport Efficiency Project The Risk Register is based on the following scoring and impact methodology. Number Impact 1 Catastrophic 2 Critical 3 Marginal 4 Negligible Criteria Project will fail to deliver There will be a serious impact on project delivery There will be some impact on the project delivery There will be no impact on project delivery Impact: Impact is the effect the risk will have on the project delivering within time, cost and to the required quality, using a 1 to 4 scale. Letter Likelihood A Very High B High C Significant D Low E Very low F Almost Impossible Criteria 80% + likelihood (almost certainly will occur) 51% to 80% likelihood (more likely to occur than not) 25% to 50% likelihood (fairly likely to occur) 10% to 24% likelihood (low but not impossible) 3% to 9% likelihood (extremely unlikely) 0 to 2% likelihood Likelihood: Likelihood is the probability that the risk might occur, using a simple A to F scale. Risk Rating A LIKELIHOOD Very Hi gh B Hi gh C Si gni fi ca nt D Low E Very l ow F Al mos t i mpos s i bl e Hi gh Ri s k (Red) Medi um Ri s k (Amber) Low Ri s k (Green) A4 A3 A2 A1 B4 B3 B2 B1 C4 C3 C2 C1 D4 D3 D2 D1 E4 E3 E2 E1 F4 F3 F2 F1 4 3 2 1 Negl i gi bl e Ma rgi na l Cri ti ca l Ca ta s trophi c IMPACT RAG Status: The RAG status is based on the above matrix. 2 WLA Transport Efficiency Project Ref 1 2 3 4 Description Stakeholder approval. Timescale to obtain approval ‘in principle’ from stakeholders WLA Member Participation. Members who participated in Business Case phase and whose activity is included within the FIP do not gain approval to move to next stage. Capacity. Not the capacity to host the Bureau amongst members Common eligibility policy. Difficulties in deriving a common policy across sub-region Raised On Raised By Impact (1 - 4) 2 2 3 4 Probability (A - F) RAG Status Preventative/ Mitigating Actions C Groups of boroughs could go ahead independently D Engage with stakeholders throughout the development of the Business Case D Work closely with stakeholders, IT, facilities and software suppliers to ensure cost effective solution C Set a core subregional objective to deliver a common approach in meantime operate within existing eligibility constraints 3 Update to actions Updated By Updated Date Owner Due Date Status WLA Transport Efficiency Project 5 Common policy on provision. Difficulties in deriving a common policy on provision across subregion 2 C 6 Service quality standards. Maintaining common or improved service quality standards in the face of further financial pressures 2 D 7 8 Resources. Resources identified to support the project are unable to release necessary time to support implementation Personalisation agenda. As yet unknown impact on the future volume and passenger trip cost in commissioning transport operations 2 4 Define the Bureau’s approach as critical to achieving efficiencies i.e. time spent on vehicle Define appropriate standards for all new Bureau commissioned contracts within cost parameters Ensure resource requirements are accurately defined at Business Case stage C The Bureau will provide flexibility in order to mitigate this risk C 4