Project Risk Template

Project Name: <insert project name here>
PM: <insert your name here>
Project Risk Model

Total Project Risk Score
Interim Score
Low
Risk
1 - 35
Score
0
Component Risk Assessments

Low Budget Risk
Low External Dependencies Risk
Low Management Risk
Medium
Risk
36 - 72
Score
High
Risk
> 72
Score
Low Mission Critical Risk

Low Failure Risk
External
Dependencies
Risk
Budget Risk
Question
Number
1
Low Complexity Risk
Project Risk Question

What is the estimated total project cost?
What percentage of the agency budget does the project

represent?
Have sufficient project funds been budgeted and
allocated?
How much confidence is there in the expenditure and

funding projections?
Is funding available for maintenance of the project

deliverable after project closure?
Is this project dependent on another projects deliverable?
Does this project require resources from other

organizations?
Answer Lists
(Note--when you click in each answer cell, a drop down list arrow will appear)
file:///var/www/apps/conversion/tmp/scratch_2/288899039.xlsx
Page 1 of 14
External
Complexity
Mission Critical Management
Failure Risk
Dependencies
Risk
Risk
Risk
Risk
Project Name: <insert project name here>
Does this project require data from other sources?
What is the level of management commitment?
10
Is the project sponsor resourcing the project?
11
What is the experience and training level of agency project

managers?
12
How important is the project to meeting Commonwealth

Strategic Objectives?
13
How important is the project to meeting externally

generated mandates? (Legislative, Executive. or Judicial)
14
How important is the project deliverable to agency core

business activities?
15
Has the agency and/or vendor executed similar projects?
16
How will failure of the project impact the customers?
17
How politically sensitive is the project?
18
How new is the technological solution?
19
Is the application of this solution new, proven, or untried?
20
How many processes or business activities are impacted?
file:///var/www/apps/conversion/tmp/scratch_2/288899039.xlsx
PM: <insert your name here>
Page 2 of 14
Question # Question Test

What is the estimated total
1 project cost?
1 project cost?
1 project cost?
1 project cost?
1 project cost?
Answer Choices
Answer Scores
0
Project cost is less than $100 thousand.

Project cost is greater than or equal to $100
thousand and less than $1 million.
0
1
Project cost is greater than or equal to $1 million

and less than or equal to $5 million.
Project cost is greater than $5 million.
What percentage of the agency

budget does the project
2 represent?

2 represent?
The project is less than 2% of the agency budget.

The project is greater than or equal to 2% but
2 represent?
less than 5% of the agency budget.

The project is greater than or equal to 5% and
2 represent?
less than 15% of the agency budget.

The project is 15% or more of the agency
2 represent?
budget.
Have sufficient project funds

3 been budgeted and allocated?

All funding is budgeted and allocated.

Minimum essential funding is budgeted and

allocated.

Funding is available but not allocated.

Funding is not budgeted or allocated.
How much confidence is there

in the expenditure and funding
4 projections?

in the expenditure and funding Accuracy of budget estimate is greater than 95%
4 projections?
and less than or equal to 100%.

4 projections?

4 projections?

in the expenditure and funding Accuracy of budget estimate is less than or equal
4 projections?
to 50%.
Is funding available for

maintenance of the project
deliverable after project
5 closure?

5 closure?
Maintenance funding is available.

5 closure?
Maintenance funding is planned and available.

5 closure?
Maintenance funding is planned but constrained.
Maintenance funding has not been planned.

5 closure?
Is this project dependent on
6 another projects deliverable?
0
No other deliverables are required.
Other deliverables enhance the project.
The project will utilize other project

deliverables.
A project deliverable from another project is
required.
Does this project require

resources from other
7 organizations?
3
5

7 organizations?
Project requires no external resources.

7 organizations?
Project requires few external resources.

7 organizations?
Project requires some external resources.

7 organizations?
External resources are critical to the project.
Does this project require data

8 from other sources?
What is the level of
9 management commitment?
0
No other data is required.
Data from other sources has little impact.
Data from other sources has some impact.
Data from other sources has a significant impact.
5
0
Management has made the project a priority.
Management is committed to the project.
Management has demonstrated interest.
Management is not committed.
Is the project sponsor

10 resourcing the project?
The project sponsor owns all the resources

needed.

The project sponsor owns most of the resources

needed.
Project sponsor has control of most of the
resources needed.

The project sponsor has control of some of the

resources needed.
0
0
1
3
5
What is the experience and

training level of agency project
11 managers?

training level of agency project The agency project managers are well trained
11 managers?
and very experienced.

training level of agency project The agency project managers have training and
11 managers?
experience.

training level of agency project The agency project managers have some
11 managers?
training or experience.

training level of agency project
11 managers?
The agency has no project managers.
How important is the project to

meeting Commonwealth
12 Strategic Objectives?

The project has little or no direct impact on
Commonwealth Strategic Objectives.

The project has some impact on Commonwealth
Strategic Objectives.

The project is important to meeting

The project is critical to meeting

meeting externally generated
mandates? (Legislative,
13 Executive. or Judicial)

The project has little or no direct impact on
accomplishment of external mandates.

The project enhances accomplishment of
external mandates.

The project is important to the accomplishment
of external mandates.

The project is critical to accomplishment of
external mandates.
How important is the project

deliverable to agency core
14 business activities?

The project is has little or no direct impact on

current core business activities.

The project enhances organization core business

activities.

The project is important to the organization core

business activities.

The project is critical to the organization core

business activities.
Has the agency and/or vendor

15 executed similar projects?

Agency and vendor have executed many similar

projects successfully.

Agency or vendor have executed several similar

projects.

Agency or vendor have executed a similar

project.

Neither the agency nor the vendor has executed a

similar project.
How will failure of the project

16 impact the customers?
How will failure of the project There is no impact of project failure on the
customers.
How will failure of the project Impact of project failure on customers is

minimal.
How will failure of the project Impact of project failure on customers is

moderate.
How will failure of the project

Impact of project failure on customers is high.
17
How politically sensitive is the

project?
17

project?
Political climate has no impact on the project.
17
How politically sensitive is the Political climate has very little impact on the
project?
project.
17

project?
The project is sensitive to political climate.
17

project?
The project is very sensitive to political climate.
18
How new is the technological

solution?
18

solution?
The technology is proven and has been available

for a number of years.
18

solution?
The technology has been available for several

years.
18

solution?
The technology has been developed but is very

new.
18

solution?
The technology is in development (Leading

Edge).
19
Is the application of this

solution new, proven, or
untried?
19

untried?
Application of the technology is tried and

proven.
19

untried?
An application of the technology has been tried

and is partially proven.
19

untried?
A new application of the technology that has

been tried but is not proven.
19

untried?
A new application of the technology which has

never been tried before.
20
How many processes or

business activities are
impacted?
20

impacted?
No business process is impacted.
20

impacted?
No critical business processes are impacted.
20

impacted?
Critical business processes are impacted.
20

impacted?
A large portion of the business processes are

impacted.
Risk Category
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
Budget Risk
External Dependencies Risk

Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Management Risk
Mission Critical Risk


Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Failure Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk
Complexity Risk

Project Risk Template

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Project Risk Template

Uploaded by

Copyright:

Available Formats

Project Name: <insert project name here>

PM: <insert your name here>

Project Risk Model

Component Risk Assessments

Low Mission Critical Risk

Low Complexity Risk

Project Risk Question

What percentage of the agency budget does the project

How much confidence is there in the expenditure and

Is funding available for maintenance of the project

Is this project dependent on another projects deliverable?

Does this project require resources from other

Project Name: <insert project name here>

Does this project require data from other sources?

What is the level of management commitment?

Is the project sponsor resourcing the project?

What is the experience and training level of agency project

How important is the project to meeting Commonwealth

How important is the project to meeting externally

How important is the project deliverable to agency core

Has the agency and/or vendor executed similar projects?

How will failure of the project impact the customers?

How politically sensitive is the project?

How new is the technological solution?

Is the application of this solution new, proven, or untried?

How many processes or business activities are impacted?

PM: <insert your name here>

Question # Question Test

Project cost is less than $100 thousand.

Project cost is greater than or equal to $1 million

Project cost is greater than $5 million.

What percentage of the agency

What percentage of the agency

What percentage of the agency

What percentage of the agency

What percentage of the agency

Have sufficient project funds

Have sufficient project funds

All funding is budgeted and allocated.

Have sufficient project funds

Minimum essential funding is budgeted and

Have sufficient project funds

Funding is available but not allocated.

Have sufficient project funds

Funding is not budgeted or allocated.

How much confidence is there

How much confidence is there

How much confidence is there

How much confidence is there

How much confidence is there

Is funding available for

Is funding available for

Maintenance funding is available.

Is funding available for

Maintenance funding is planned and available.

Is funding available for

Maintenance funding is planned but constrained.

Maintenance funding has not been planned.

Is funding available for

Other deliverables enhance the project.

The project will utilize other project

Does this project require

Does this project require

Project requires no external resources.