Project Risk Checklist Template Download as PDF Digitalize this paper form now
Register for free on lumiformapp.com and conduct inspections via our mobile app
Cut inspection time by 50% Uncover more issues and solve them 4x faster Select from over 4000 expert-proofed templates Project Risk Checklist Template Projact Risk Checklist 1. Project Scope Scope is incomplete Yes No N/A Scope is unclear Yes No N/A Tasks get added during project without approval (scope creep) Yes No N/A Stakeholders demand additional scope Yes No N/A Project sponsor has different expectation of scope Yes No N/A Subconsultant/subcontractor scope definition is not clear Yes No N/A Project sponsor/executive demand additional scope without supplying additional funds Yes No N/A 2. Project Quality Quality of product/service does not meet expectations Yes No N/A Technical expertise of checking/reviewing not adequate Yes No N/A Technical errors Yes No N/A Technical omissions Yes No N/A Required technical training or learning curve is longer than anticipated Yes No N/A Design is not feasible Yes No N/A Design is not practical Yes No N/A Design is difficult or impossible to build Yes No N/A Design lacks features or flexibility Yes No N/A Design standards are not met Yes No N/A Standards change during project Yes No N/A Contractor does poor quality work Yes No N/A Contractor uses poor quality suppliers Yes No N/A Technological change impacts deliverables Yes No N/A 3. Communication Stakeholders do not receive sufficient communication Yes No N/A Project sponsor/executives are not aware of project progress Yes No N/A Regulatory authorities were not contacted early enough Yes No N/A Inspectors and contractors don’t get along Yes No N/A 4. Market The product will not realize enough Return on Investment (ROI) Yes No N/A Sales are insufficient Yes No N/A The project’s costs are not recovered Yes No N/A Market size shrinks Yes No N/A Competitors introduce competing products Yes No N/A Funding is cut Yes No N/A 5. Project Schedule Project is behind schedule Yes No N/A Resources cannot be secured as anticipated Yes No N/A Stakeholders demand excessive consultation/communication Yes No N/A Contractor starts late Yes No N/A Contractor finishes late, pays penalty, delays others Yes No N/A Delay due to worker injury or fatality Yes No N/A 6. Procurement Insufficient vendors to get a good price Yes No N/A Low quality of vendors Yes No N/A Vendor’s contract introduces risk Yes No N/A Vendor requires additional funds after contract signed Yes No N/A Contractor goes bankrupt during project Yes No N/A Contractor walks away Yes No N/A Contractor does poor quality job Yes No N/A Contractor performs unit price work without authorization Yes No N/A Contractor does less work on lump sum bid item Yes No N/A 7. Stakeholders Stakeholders delay project due to unmet concerns Yes No N/A Stakeholders introduce additional cost or scope that was unknown at project planning stage Yes No N/A Stakeholders fight with each other Yes No N/A Regulatory authorities slow to grant approval Yes No N/A Regulatory authorities add cost – require additional studies, etc. Yes No N/A Regulatory authorities do not approve project Yes No N/A Stakeholders ignore project communications Yes No N/A Stakeholder turnover Yes No N/A Project sponsor/organization doesn’t approve of design Yes No N/A 8. Project Cost Cost estimates are too low Yes No N/A Costs of suppliers or equipment was not locked in Yes No N/A Cost of supplies/equipment changes Yes No N/A Manpower costs change Yes No N/A Contractor payment/progress estimates incorrect Yes No N/A Adminstrative and overhead costs underestimated Yes No N/A Project ROI not as anticipated Yes No N/A Interest rates affect amortization of assets Yes No N/A Technological change improves cost structure of project Yes No N/A Premium increase of insurances due to injuries or death of employees Yes No N/A 9. Human Resourses Unable to secure required project team Yes No N/A Insufficient funds to pay project team’s demands Yes No N/A Project team turnover Yes No N/A Organizational priorities remove project members Yes No N/A Turnover of project sponsor or organization Yes No N/A 10. Risk Management Important risks are not identified Yes No N/A Response plans are inadequate Yes No N/A Risks are not shared with stakeholders Yes No N/A Unauthorized risks are added to project by sponsors/executives Yes No N/A 11. Other Corporate support for project disappears Yes No N/A Meddling or micromanaging from corporate executives or project sponsors Yes No N/A
Please note that this checklist template is a hypothetical appuses-hero example and provides only standard information. The template does not aim to replace, among other things, workplace, health and safety advice, medical advice, diagnosis or treatment, or any other applicable law. You should seek your professional advice to determine whether the use of such a checklist is appropriate in your workplace or jurisdiction.