Identified Risks (risk identified by standard project risk management processes)

Description

Remedial Action

Contractor inability to provide or support vessels throughout the life of the in-service phase of the contract (performance risk).

Actively manage and monitor performance under the contract through the partnering governance frame work and Quarterly Progress Reviews and as necessary exercise contractual remedies.

There is a chance that FOC for the ACPB Class will be affected by the inbility of the contractor to meet the rectification schedule leading to an impact on cost and schedule.

Actively engage with the contractor to manage the remediation program and emergent work to ensure commitment to the schedule is maintained. Maintain direct oversight over contractor activities and consultation on program risk.

There is a chance that the FOC for the ACPB Class will be affected by RAN Operational Commitments leading to an impact on cost and schedule.

Open dialogue and regular meetings with Navy and the contractor to ensure operational requirements are considered during planning activities and managing the rectification schedule. Streamline the Operational Release process for the remainder of the Class.

Emergent Risks (risk not previously identified but has emerged during 2010-11)

Description

Remedial Action

There is a chance that the FOC date for the ACPB Class will be affected by delays in Navy approving Operational Release of the vessels.

Open dialogue and regular meetings with Navy to ensure commitment to the schedule is maintained.