Risk Assumptions - Advanced probability technique
Risk | Description | Timing | Description | Notes to model | ||
S | Site risks | Construction Period | 1 @Risk is required to run simulations through this model | |||
SC | Scope risks | End of Construction Period | 2 Results for retained and transferable risk need to be extracted from @Risk and inserted into the "Outputs" worksheet | |||
SF | Sponsor & finance risk | Upgrading Periods | 3 The 5% confidence limit is reported as the "Best Case" | |||
D | Design risks | Operating Period | 4 The Mean is reported as the "Most Likely Case" | |||
C | Construction risks | First year of operations | 5 The 95% confidence limit is reported as the "Worst Case" | |||
CO | Commissioning risk | Second year of operations | 6 It is possible to sort the risks by category type using the Category codes | |||
L | Change in law risks | Tenth year of operations | 7 Qualitative risks are shaded: | |||
O | Operating risks | Project Period | ||||
E | Energy risks | |||||
T | Technology risk | |||||