1. The value of each risk category shown in the matrix above is a summation (or 'roll-up') of the values of multiple sub-categories of risk. The percentage shown is the value of risk against the cost base for that risk category. For an explanation of the risks under each category and sub-category, please refer to the definitions section.
2. The total risks retained by the Province for each model has been arrived at using the total contract value.
3. The above matrix evaluates risk for a project at Cabinet approval stage
4. The Operational risks are based upon a 30-year agreement
5. Financing has been excluded
6. The cost base is the Net Present Value
7. The risk values represent the true mean impact, calculated by statistical simulation calibrated to the 10th, Most Likely and 90th percentile impacts for each risk