Quality Assurance PlanRisks The Project Team should list risks applicable to the Project. The Glossary of Risks contains many typical risks associated with projects. That list, however, is not all-inclusive. What would happen if risks were not controlled? List what would happen if a risk were not properly controlled. For example, if your risk was insufficient staff, the Project may not be completed on schedule. Potential Impact List what the potential impact to the University of your risk occurring would be. For example, the impact of insufficient staff to get large, mission-critical projects done may be high to the University. H = High Impact Probability Of Occurrence List what the probability of your risk occurring would be. For example, the probability of having insufficient staff on your Project may be high, given staffing shortages. H = High Probability Priority If potential impact is high AND probability of occurrence is high or medium, then you will assign a high priority. If potential impact is low and probability of occurrence is low, then you will assign a low priority. Otherwise, assign a medium priority.
Medium Priority = frequent monitoring Low Priority = periodic monitoring How are risks controlled? Explain how your risks will be controlled. For example, if your risk is insufficient staff, then you might control your risks by requesting additional staff from UTD or from the vendor. Risk Assessment FormThe form is available in the following formats: | |||
