Project Name: City Center Road Improvement Project
Assessment Date: December 12, 2024
Assessor Name: Risk Assessment Team
Let’s evaluate each criterion:
1. Benefit Score:
– The project involves significant road improvements in the city center
– Expected benefits include:
– Improved traffic flow
– Reduced congestion
– Enhanced public safety
– Potential economic boost for local businesses
Benefit Score: 2 (Quantifiable improvement in strategic KPIs and moderate demonstrable economic opportunity)
2. Risk Assessment by Category:
a) Clarity of Scope:
– Documented requirements with some minor potential changes
– Preliminary designs completed
Score: 2
b) Stakeholders / Reputation:
– Wide internal stakeholder community (city departments, urban planning)
– Small number of external stakeholders (local businesses, residents)
Score: 2
c) Technology:
– Mostly standard road construction technologies
– Some potential for moderate system interfaces (traffic management systems)
Score: 2
d) Dependencies:
– Most dependencies can be managed by the project
– Some external coordination required (utility companies, traffic management)
Score: 2
e) Resource Requirements:
– Mix of local resources and some specialist workers
– Some specialized engineering skills required
Score: 2
f) Supplier Maturity:
– Multiple suppliers with good track records in municipal infrastructure
Score: 2
g) Commercial:
– Commercial agreements established
– Master Services Agreement in place
Score: 1
h) Remaining Duration:
– Project estimated between 2-8 months
Score: 2
i) Embedding into Service:
– Minimal process change
– Some training required for traffic management personnel
Score: 2
Calculating Average Risk Score:
benefitl Score: 2
Average risk score:1.89
The project classification is
Risk Category: high Benefit/high Risk
Summary:
– The road project appears to have moderate benefits with relatively significant risks
– Recommended governance level: Standard project management approach
– Continue with detailed project planning and regular risk assessments
Recommendations:
1. Maintain clear communication with all stakeholders
2. Monitor potential scope changes
3. Ensure smooth coordination between different departments and external partners
4. Develop a comprehensive training plan for affected personnel