ARAMCOPROJECT MANAGEMENT
ARAMCOPROJECT MANAGEMENT

Risk Management

Proactive risk identification, assessment, and mitigation tracking

Active Risks
24

4 critical

Open Issues
18

6 overdue

Pending Changes
8

$1.8M value

Risk Exposure
$12.4M

Expected value

Contingency Used
34%
Risk Register
Active risks requiring attention
Supply Chain DisruptionProcurement

RSK-001 • Owner: John Smith

active

Probability

High

Impact

Critical

Risk Score

20
Mitigation: Identify alternative suppliers
Schedule Delay - Critical PathSchedule

RSK-002 • Owner: Ahmed K.

active

Probability

Medium

Impact

High

Risk Score

15
Mitigation: Resource leveling and acceleration
Weather Impact on ConstructionExternal

RSK-003 • Owner: Sarah M.

monitoring

Probability

Medium

Impact

Medium

Risk Score

9
Mitigation: Weather contingency in schedule
Cost Overrun - Labor RatesCost

RSK-004 • Owner: Lisa W.

mitigated

Probability

Low

Impact

High

Risk Score

8
Mitigation: Fixed price contracts in place
Risk Matrix
Probability vs Impact
Low
Med
High
Crit
High
1
Med
1
1
Low
1
Critical (4)
High (8)
Medium/Low (12)