Skip to main content

Currently Skimming:


Pages 65-88

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 65...
... P A R T 3 Project Risk Management Toolbox Chapter 8. Project Risk Management Toolbox ...........................................................................69 Part 3 Objectives Part 3 provides the toolbox that contains the tools used to support perform­ ing the steps associated with the project risk management process.
From page 66...
... 69 C H A P T E R 8 8.1 Overview The tools in this chapter are provided to support the project risk management process described in Part 2 of this guidebook. The tools have been developed to meet the needs of airports with little or no formal project risk management practices in place and can be used to develop a rigorous program to follow regardless of the complexity or type of project being performed.
From page 67...
... 70 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects 8.4 Project Risk Management Checklist 8.4.1 Overview The project risk management checklist guides identification of specific and generic risks associated with a project. This tool can be used as an informational job aid to increase the ability to identify risks in preparation for the planning and management of the scope, schedule, and budget of the project.
From page 68...
... Project Risk Management Toolbox 71 Exhibit 8.1. Sample project risk management plan.
From page 69...
... 72 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects Project Risk Management Strategy Define the risk management methodology to be used, the risk assumptions, the roles and responsibilities, the time frames, and risk rating/scoring techniques, establish risk thresholds, define risk communications, and develop a risk tracking process. Project Risk Management Step Document or Activity Used Person Responsible Planned Date Completed Date Comments Risk Identification: Generate list of possible risks Workshop Checklist Risk Register Other Risk Analysis: Prioritize list of risks, recommend schedule and cost contingencies Qualitative Matrix Quantitative Modeling Update Risk Register Other Risk Response Planning: Determine responses to identified risks Update Risk Register Other Risk Monitor and Control: Monitor risk activity Update Risk Register Other Milestones: Comments: Date: Project Risk Management Plan Approved Risks Identified Risk Analysis Performed Risk Responses Documented Risk Monitoring and Control Performed Date Plan Completed: Last Updated: By PROJECT RISK MANAGEMENT PLAN – PAGE 2 Exhibit 8.1.
From page 70...
... Project Risk Management Toolbox 73 PROJECT RISK MANAGEMENT PLAN INSTRUCTIONS – Page 1 This document is an annotated version of the project risk management plan template and outlines the type of information to be included in the template. Customize the template with appropriate language and content for the unique needs of the airport environment and each project specifically.
From page 71...
... 74 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects PROJECT RISK MANAGEMENT PLAN INSTRUCTIONS – Page 2 This section documents the level of project risk management applied to specific project described on page 1. Check the boxes in this column if document or activity will be used.
From page 72...
... Project Risk Management Toolbox 75 PROJECT RISK MANAGEMENT PLAN EXAMPLE The following is an example of the project risk management plan with an airport project example. Project Risk Management Plan Purpose This project risk planning document describes how project risk management will be structured and performed.
From page 73...
... 76 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects Date Plan Completed: Last Updated: By Project Risk Management Strategy Define the risk management methodology to be used, the risk assumptions, the roles and responsibilities, the time frames, and risk rating/scoring techniques, establish risk thresholds, define risk communications, and develop a risk tracking process. Project Risk Management Step Document or Activity Used Person Responsible Planned Date Completed Date Comments Risk Identification: Generate list of possible risks Workshop RJ Checklist Risk Register Other Risk Analysis: Prioritize list of risks, recommend schedule and cost contingencies Qualitative Matrix N/A Quantitative Modeling Update Risk Register Other Risk Response Planning: Determine responses to identified risks Update Risk Register Other Risk Monitor and Control: Monitor risk activity Update Risk Register Other Milestones: Comments: Date: Project risk management plan approved PLAN APPROVED BY SUE MOORE 2/1/2013 Risks identified RISKS IDENTIFIED IN WORKSHOP 2/13/2013 Risk analysis performed P-I MATRIX COMPLETED 4/12/2013 Risk responses documented ADDITIONAL RISKS IDENTIFIED, PERFORMED SECOND RISK WORKSHOP TO UPDATE LIST 5/20/2013 Risk monitoring and control performed REGULARLY SCHEDULED STATUS MEETINGS OCCUR ON TUESDAYS AT 10:00 PROJECT RISK MANAGEMENT PLAN EXAMPLE – Page 2 Exhibit 8.1.
From page 74...
... Project Risk Management Toolbox 77 Exhibit 8.2. Sample project risk management checklist.
From page 75...
... 78 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects Exhibit 8.2. (Continued)
From page 76...
... Project Risk Management Toolbox 79 Exhibit 8.2. (Continued)
From page 77...
... 80 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects Exhibit 8.2. (Continued)
From page 78...
... Project Risk Management Toolbox 81 Exhibit 8.2. (Continued)
From page 79...
... 82 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects PROJECT RISK MANAGEMENT CHECKLIST EXAMPLE – Page 2 4 Staffing and Vendor Risks Staffing for the size, complexity, and/or challenges of the project is inadequate, causing budget increase or schedule delay Escalate issues Competing priorities for the same project team members cause schedule delay or rephasing of project Contractor has limited familiarity with airport, causing schedule and cost impacts for training and education Use George for training Limited availability of vendors increases cost 5 Market- and CommunityRelated Risks Limited vendor/contractor availability and/or interest due to external market conditions Material availability/volatility of pricing affects budget Community disrupted by construction causes rephasing of project Passenger traffic disrupted, causing rephasing of project Noise concerns from construction work area cause change in work schedule 6 Site Risks Unknown site conditions are encountered, affecting scope, schedule, and budget Need to coordinate with other construction activities constrains schedule or affects scope and budget 7 Operational Risks Natural disaster/weather affect schedule and cost Airfield traffic for construction vehicles limited by airline traffic, causing rephasing Lack of coordination of external and internal stakeholders, contractors, and customers interrupts operations Exhibit 8.2. (Continued)
From page 80...
... Project Risk Management Toolbox 83 Exhibit 8.3. Probability and impact matrix.
From page 81...
... 84 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects Exhibit 8.3. (Continued)
From page 82...
... Project Risk Management Toolbox 85 Exhibit 8.3. (Continued)
From page 83...
... 86 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects Exhibit 8.3. (Continued)
From page 84...
... Project Risk Management Toolbox 87 Exhibit 8.3. (Continued)
From page 85...
... 88 Guidebook for Successfully Assessing and Managing Risks for Airport Capital and Maintenance Projects Exhibit 8.3. (Continued)
From page 86...
... Project Name: Checklist Completed by: Date Completed: Project Manager: Date Updated: Risk Identification Risk Analysis Response Planning Monitoring and Control Date, Status, and Review Comments # Risk Description Owner Date Identified P r o b a b i l i t y I m p a c t R i s k R a n k i n g Response Action to Be Taken Cost to Respond Status Exhibit 8.4. The risk register.
From page 87...
... RISK REGISTER INSTRUCTIONS This document is an annotated version of the risk register template and outlines the type of information to be included the template. Customize the template with appropriate language and content for the unique needs of the airport environment and each project specifically.
From page 88...
... PROJECT RISK REGISTER EXAMPLE The following is an example of the risk register for an airport project. Risk Identification Risk Analysis Response Planning Monitoring and Control Date, Status, and Review Comments # Risk Description Owner Date Identified P r o b a b i l i t y I m p a c t R i s k R a n k i n g Response Action to Be Taken Cost to Respond Status 1 Regulatory change affects design, affecting project scope, budget, and schedule John Smith 10/27/2012 2 3 6 Accept Liaison with FAA to remain apprised of upcoming changes None Meeting with FAA held on 2/13/2013 As of 2/13/2013, FAA advised of changes to paving requirements on taxiways.

Key Terms



This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More information on Chapter Skim is available.