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

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Project Risk ModelTotal Project Risk Score Component Risk Assessments

Interim Score 0Low Budget Risk

Low ScoreRisk 0 Low External Dependencies Risk1 - 35

Low Management RiskMedium Score

Risk Low Mission Critical Risk36 - 72

Low Failure RiskHigh ScoreRisk Low Complexity Risk> 72

Project Risk Question

B u

d g

e t

R i

s k 1 What is the estimated total project cost?

2

3

4

5

6 Is this project dependent on another projects deliverable?

7

Question Number

Answer Lists (Note--when you click in each answer cell, a drop down list arrow will appear)

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?

Exte

rnal

D

epen

denc

ies

Ris

k Does this project require resources from other organizations?

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

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8 Does this project require data from other sources?

9 What is the level of management commitment?

10 Is the project sponsor resourcing the project?

11

12

13

14

Failu

re R

isk

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?

Exte

rnal

D

epen

denc

ies

Ris

kM

anag

emen

t R

isk

What is the experience and training level of agency project managers?

Mis

sion

Crit

ical

R

isk

How important is the project to meeting Commonwealth Strategic Objectives?

How important is the project to meeting externally generated mandates? (Legislative, Executive. or Judicial)

How important is the project deliverable to agency core business activities?

Com

plex

ity

Ris

k

Question # Question Test Answer Choices Answer Scores

1 0

1 Project cost is less than $100 thousand. 0

1 1

1 3

1 Project cost is greater than $5 million. 5

2 0

2 The project is less than 2% of the agency budget. 0

2 1

2 3

2 5

3 0

3 All funding is budgeted and allocated. 0

3 1

3 Funding is available but not allocated. 3

3 Funding is not budgeted or allocated. 5

4 0

4 0

What is the estimated total project cost?What is the estimated total project cost?What is the estimated total project cost?

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

What is the estimated total project cost?

Project cost is greater than or equal to $1 million and less than or equal to $5 million.

What is the estimated total project cost?

What percentage of the agency budget does the project represent?

What percentage of the agency budget does the project represent?

What percentage of the agency budget does the project represent?

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

What percentage of the agency budget does the project represent?

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

What percentage of the agency budget does the project represent?

The project is 15% or more of the agency budget.

Have sufficient project funds been budgeted and allocated?

Have sufficient project funds been budgeted and allocated?

Have sufficient project funds been budgeted and allocated?

Minimum essential funding is budgeted and allocated.

Have sufficient project funds been budgeted and allocated?

Have sufficient project funds been budgeted and allocated?

How much confidence is there in the expenditure and funding projections?

How much confidence is there in the expenditure and funding projections?

Accuracy of budget estimate is greater than 95% and less than or equal to 100%.

4 1

4 3

4 5

5 0

5 Maintenance funding is available. 0

5 Maintenance funding is planned and available. 1

5 Maintenance funding is planned but constrained. 3

5 Maintenance funding has not been planned. 5

6 0

6 No other deliverables are required. 0

6 Other deliverables enhance the project. 1

6 3

6 5

7 0

7 Project requires no external resources. 0

7 Project requires few external resources. 1

How much confidence is there in the expenditure and funding projections?

Accuracy of budget estimate is greater than 85% and less than or equal to 95%.

How much confidence is there in the expenditure and funding projections?

Accuracy of budget estimate is greater than 50% and less than or equal to 85%.

How much confidence is there in the expenditure and funding projections?

Accuracy of budget estimate is less than or equal to 50%.

Is funding available for maintenance of the project deliverable after project closure?

Is funding available for maintenance of the project deliverable after project closure?

Is funding available for maintenance of the project deliverable after project closure?

Is funding available for maintenance of the project deliverable after project closure?

Is funding available for maintenance of the project deliverable after project closure?Is this project dependent on another projects deliverable?Is this project dependent on another projects deliverable?Is this project dependent on another projects deliverable?Is this project dependent on another projects deliverable?

The project will utilize other project deliverables.

Is this project dependent on another projects deliverable?

A project deliverable from another project is required.

Does this project require resources from other organizations?

Does this project require resources from other organizations?

Does this project require resources from other organizations?

7 Project requires some external resources. 3

7 External resources are critical to the project. 5

8 0

8 No other data is required. 0

8 Data from other sources has little impact. 1

8 Data from other sources has some impact. 3

8 Data from other sources has a significant impact. 5

9 0

9 Management has made the project a priority. 0

9 Management is committed to the project. 1

9 Management has demonstrated interest. 3

9 Management is not committed. 5

10 0

10 0

10 1

10 3

10 5

11 0

11 0

11 1

11 3

Does this project require resources from other organizations?

Does this project require resources from other organizations?Does this project require data from other sources?Does this project require data from other sources?Does this project require data from other sources?Does this project require data from other sources?Does this project require data from other sources?What is the level of management commitment?What is the level of management commitment?What is the level of management commitment?What is the level of management commitment?What is the level of management commitment?Is the project sponsor resourcing the project?Is the project sponsor resourcing the project?

The project sponsor owns all the resources needed.

Is the project sponsor resourcing the project?

The project sponsor owns most of the resources needed.

Is the project sponsor resourcing the project?

Project sponsor has control of most of the resources needed.

Is the project sponsor resourcing the project?

The project sponsor has control of some of the resources needed.

What is the experience and training level of agency project managers?

What is the experience and training level of agency project managers?

The agency project managers are well trained and very experienced.

What is the experience and training level of agency project managers?

The agency project managers have training and experience.

What is the experience and training level of agency project managers?

The agency project managers have some training or experience.

11 The agency has no project managers. 5

12 0

12 0

12 1

12 3

12 5

13 0

13 0

13 1

13 3

13 5

14 0

14 0

What is the experience and training level of agency project managers?

How important is the project to meeting Commonwealth Strategic Objectives?

How important is the project to meeting Commonwealth Strategic Objectives?

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

How important is the project to meeting Commonwealth Strategic Objectives?

The project has some impact on Commonwealth Strategic Objectives.

How important is the project to meeting Commonwealth Strategic Objectives?

The project is important to meeting Commonwealth Strategic Objectives.

How important is the project to meeting Commonwealth Strategic Objectives?

The project is critical to meeting Commonwealth Strategic Objectives.

How important is the project to meeting externally generated mandates? (Legislative, Executive. or Judicial)

How important is the project to meeting externally generated mandates? (Legislative, Executive. or Judicial)

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

How important is the project to meeting externally generated mandates? (Legislative, Executive. or Judicial)

The project enhances accomplishment of external mandates.

How important is the project to meeting externally generated mandates? (Legislative, Executive. or Judicial)

The project is important to the accomplishment of external mandates.

How important is the project to meeting externally generated mandates? (Legislative, Executive. or Judicial)

The project is critical to accomplishment of external mandates.

How important is the project deliverable to agency core business activities?

How important is the project deliverable to agency core business activities?

The project is has little or no direct impact on current core business activities.

14 1

14 3

14 5

15 0

15 0

15 1

15 3

15 5

16 0

16 0

16 1

16 3

16 Impact of project failure on customers is high. 5

17 0

17 Political climate has no impact on the project. 0

17 1

17 The project is sensitive to political climate. 3

17 The project is very sensitive to political climate. 5

How important is the project deliverable to agency core business activities?

The project enhances organization core business activities.

How important is the project deliverable to agency core business activities?

The project is important to the organization core business activities.

How important is the project deliverable to agency core business activities?

The project is critical to the organization core business activities.

Has the agency and/or vendor executed similar projects?

Has the agency and/or vendor executed similar projects?

Agency and vendor have executed many similar projects successfully.

Has the agency and/or vendor executed similar projects?

Agency or vendor have executed several similar projects.

Has the agency and/or vendor executed similar projects?

Agency or vendor have executed a similar project.

Has the agency and/or vendor executed similar projects?

Neither the agency nor the vendor has executed a similar project.

How will failure of the project impact the customers?

How will failure of the project impact the customers?

There is no impact of project failure on the customers.

How will failure of the project impact the customers?

Impact of project failure on customers is minimal.

How will failure of the project impact the customers?

Impact of project failure on customers is moderate.

How will failure of the project impact the customers?How politically sensitive is the project?How politically sensitive is the project?How politically sensitive is the project?

Political climate has very little impact on the project.

How politically sensitive is the project?How politically sensitive is the project?

18 0

18 0

18 1

18 3

18 5

19 0

19 0

19 1

19 3

19 5

20 0

20 No business process is impacted. 0

20 No critical business processes are impacted. 1

20 Critical business processes are impacted. 3

20 5

How new is the technological solution?How new is the technological solution?

The technology is proven and has been available for a number of years.

How new is the technological solution?

The technology has been available for several years.

How new is the technological solution?

The technology has been developed but is very new.

How new is the technological solution?

The technology is in development (Leading Edge).

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

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

Application of the technology is tried and proven.

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

An application of the technology has been tried and is partially proven.

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

A new application of the technology that has been tried but is not proven.

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

A new application of the technology which has never been tried before.

How many processes or business activities are impacted?

How many processes or business activities are impacted?

How many processes or business activities are impacted?

How many processes or business activities are impacted?

How many processes or business activities are 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

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies Risk

External Dependencies 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

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical Risk

Mission Critical 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