Impact

Risk
Project Risk # Risk Vulnerability Instances (on time /cost/ quality/ Impact Analysis
Description
compliance)

Impact should be quantified in numbers

Impact of risk on one/or whereever applicable and to the extent it is
Ghatampur Serial The area/ aspect/ function of More Detailed description of the Risk with more than one of the practically possible: Time(probable delay in
Single line
Jawaharpur Number the station/project that is instances( references). Please use this space to following aspects - Time, months); Cost (Probable cost increase in
descripiton
Meja of the vulnerable and which will bear also inform on any update in the current quarter Cost, Quality, Compliance Rs.Lac), Quality (Probable O&M cost increase in
of risk
Rihand Risk the impact of the risk from previous quarter of project/station should be Rs. Lac during warranty period); Compliance
described (Probable Penalty & Redevelopment costs in Rs.
Lac and days/months)

An Example w.r.t Thermal Power Plant

Impact
Risk
Risk # Risk Vulnerability Instances (on time /cost/ quality/ Impact Analysis
Description
compliance)
Non-availability of coal loading Presence of only a single Wagon tippler & single
Unavailabilit infrastructure , will not allow track hopper is limiting the coal loading capacity 1. Time-Will delay full load operation of the Unit.
y of Coal 100% coal loading directly at the plant. Second ground hopper will be 2. Cost- Non Full load operation, will result in
1 Cost & Time
Handling impacting the availability & operational by end of next month i.e., January. lesser Declared Capacity leading to a loss in
System sustained generation of the Construction of second Wagon tippler site is yet Fixed Charge recovery of … Lakhs/Day
plant to initate.

Table - 1: Risk Assessment (Impact)

Criteria Catastrophic (5) Critical (4) Serious (3)
Overall Increase in cost of
> 30% 20-30% >10-20%
execution
Delays in Scheduled
>12 Months 9-12 Months 6-9 Months
Completion
Reduction in Profitability due
>20% 15-20% 10-15%
penalty, LD etc.
Brand Value Serious Dimunition Potential Impact

Impact of our delay on

>12 Months 9-12 Months 6-9 Months
Client's Overall Schedule

Statutory Compliance
Events and problems requiring HO (Partners & Event requiring HO or senior management
including Environment, -
Directors) attention intervention
Health & Safety (EHS)

Table - 2: Risk Assessment (Probability)

Criteria Almost Certain (5) Likely (4) Moderate (3)
Probability 80-100% 50-80% 30-50%
Period Next 6 Months 6-9 Months 9-12 Months
 Mitigation Strategy Overall Risk Owner Risk Area Risk Assessment (Impact) Risk Assessment (Probability)

Please refer to Table -1 Risk Assesment (Impact) below: A) If
the Impact caused by the risk is "Catastophic (5)", then it
Personnel responsible The Part/Area of the should be rated as 3 = High B) If the
The Strategy/ Steps being followed/ to be
for handling & mitigation power plant impacted Impact is either "Critical (4)" or "Serious (3)", it should be
followed to reduce the impact of the risk
of Risk by the risk rated as 2 = Medium C) If the Impact
is either "Moderate (2)" or "Minor (1)", it should be rated as 1
= Low
Please refer to Table -2 Risk Assesment (Probability)below: A) If
the probability of occurence of risk is "Almost Certain (5)", then it
should be rated as 3 = High B) If the
probability of occurence of risk is either "Likely (4)" or "Moderate
(3)", then it should be rated as 2 = Medium C) If the probability
of occurence of risk is either "Unlikely (2)" or "Rare (1)", then it
should be rated as 1 = Low

Mitigation Strategy Overall Risk Owner Risk Area Risk Assessment (Impact) Risk Assessment (Probability)
1. To expedite construction of additional ground
hopper within the timeline of …….., by
incorporating suitable measures at sub-
Coal Handling Plant &
contractor level. Mr. xxxxx xxxxxxx 3 = High (Major Impact) 2=Medium ( Likely,21-50%)
Station
2. Parallely, to instill measures so that the
additional Wagon Tippler, is commissioned by
…….

Moderate (2) Minor (1)

5-10% upto 5%

3-6 Months Upto 3 Months

5-10% <5%
Potential Impact No Potential Impact

3-6 Months Upto 3 Months

Issues requiring junior

Issues requiring middle and senior management
management and staff
attention
attention

Unlikely (2) Rare (1)

10-30% 1-10%
12-15 Months Beyond 15 Months
Overall Risk Overall Risk
Score Grade

-- No entry -- No entry
required required
(Automatically (Automatically
calculated)-- calculated)--

Overall Risk Overall Risk

Score Grade

6 Med