Risk Rating Matrix

Severity of the Risk

Acceptable Tolerable Undesirable Intolerable
Little or No Effects are felt but Effects Seriously Could Cause
Considerable Effect not severe to the total to the project a massive disaster
on the Project project outcome sequence & outcome to the project

Risk Occurance Low Medium Medium High

Unlikely 1 4 6 10

Risk Occurance Low Medium High Extreme

Possible 2 5 8 11

Risk Occurance Medium High High Extreme

Likely /Will Occur 3 7 9 12

RISK ASSESMENT Severity
Acceptable Tolerable Undesirable Intolerable
Name of the Project : New Facility for ICBT CAMPUS Risk Occurance Low Medium Medium high
Unlikely 1 4 6 10
Duration of the Project : 1.6 Years Risk Occurance Low Medium High Extreme
Possible 2 5 8 11
Client : ICBT CAMPUS Risk Occurance Medium High High Extreme
Very likely 3 7 9 12
Responsible Personnel for the Mitigation Risk Score after
No. Risk Risk Score Consequences of the Risk Mitigation Action
Action Implementation Mitigation Action

1 Failure to provide continuous funding to
the project.
11 Inability to Procure Goods, Plants &
Equipment to facilitate a continuous
work sequence.
Loss of Contractor's Interest as the Client
will not be make interim payments to
them.
Use of securities such as mechanical liens. Client 5
Proper contract /credit agreements. Finance Manager
Regular inspection of clients' credits. Accountants
Insurance on behalf of insolvencies. Consultant's QS
Regular Inspection of cashflows.
Preparation of Detailed Cost Estimates for
the overall project to reflect the total
cost to the client

2 Failure to Select a Contractor with the 8 Imperfections in the project delivery. Selection of specialized contractors by Client 4
Capacity to carry out project works Time & cost overruns. using a prequalification process in Consultant's QS
(Contractor with required plant, material Disputes between parties in the contract tendering.
& workmanship) which leads to actions such as litigation.

3 Failure to produce a design with both
SMART & sustainable concepts
11 Inability to fulfill clients requirement. Selection of a specialized & skilled designed Client 2
Reduction of cash inflow to the client as team for the design process. Consulting Engineers
the design won't comply with his plans on Managing & coordinating between client Design Team
revenue generation to the organization. & design team to interprete client's design
requirement.

4 Delay of Building Regulation Approvals 11 Delaying project execution. Enrolling and additional team incorporated Consultant 6
Inability to deliver the project within with design team to work with approvals as Design Team
originally proposed duration. the progressing of the design. Contractor /Legal officers

5 Appointing correct subcontractors 8 Loss of quality of the project delivery Selection of all the subcontractors in the Client 2
Less adherance to the client's requirement main contract signing period throug clients Consultant
Additional time & cost overruns direct involment in the selection process Contractor
(Appointing Nominated Subcontractors)

6 Failures in Workforce Mangement
11 Delay of project delivery /Loss of quality Esuring contractors & subcontractors have Client 6
a skilled & adequate workforce with them. Contractor's Project Manager
Ensuring contractors & subcontractors have Contractor's Finance Managers
the capacity to hire an additional workforce
from a external labour supply service incase
of a loss of their own workforce
RISK ASSESMENT Severity
Acceptable Tolerable Undesirable Intolerable
Name of the Project : New Facility for ICBT CAMPUS Risk Occurance Low Medium Medium high
Unlikely 1 4 6 10
Duration of the Project : 1.6 Years Risk Occurance Low Medium High Extreme
Possible 2 5 8 11
Client : ICBT CAMPUS Risk Occurance Medium High High Extreme
Very likely 3 7 9 12

Responsible Personnel for the Mitigation Risk Score after

No. Risk Risk Score Consequences of the Risk Mitigation Action
Action Implementation Mitigation Action

7 Inability to assure & control Quality of
the project
11 Less Durable Project Delivery
Additional costs in the low quality work
rectification process.
Disputes between client & contractors at the
project handing over period.
Potention hazards on occupants & other third
parties.
Less satisfaction the client
Adhering to a quality assurance & a quality Consulting Engineers. 4
control procedure under a special provision Contractors QA/QC Manager
in the conditions of contract.
Tests on every material & every work
undertaking in the project.
Regular site inspections by consultants.

8 Environmental Pollution
12 Effects on work by neighbouring third parties,
government regulatory authorities such as
stop orders.
Additional costs for compensations & fines.
Time overruns for issue resolvents.
Incorperating to a environmental Contractor's Environmental Officer 5
management plan. Consulting Engineers
Monitoring site activities & their impacts
on environment and take control measures
on a daily basis.
Carry out all site operations in conformance
with the specifications & requirements of
Central Environmental Authority and other
governmental authorities in Sri Lanka which
deals with environmental matters.

9 Inability to manage site health & safety
12 Cause of both financial & human costs.
Causing bad reputaion to the project.
Time overruns.
Implementing a safety management plan. Contractor's Safety Officer. 7
Monitoring site safety & take control Consulting Engineers.
measures to assure site safety.
Make cost allowances as a provision of the
contract for maintenance of health and
safety facilities at site.
Educating workforce on safety procedures
on a daily basis.

10 Damages to the existing services & 10 Additional time & cost overruns. Conducting an full ground investigation for Client. 4
utilities at site existing services & utilities within the site Consulting Engineers.
prior to the commencement of the project. Facility Manager.
Relocation of existing services at site after
gaining approval from relevant authorities.

11 Inability to adhere to a standard method 8 Additional time & cost overruns. Submission of contractor's method statement Contractor. 2
of work execution prior to the execution of any part of the work Consulting Engineers.
& getting approval by consulting engineers.