The contract director's regular reporting should keep senior management informed in relation to the management of risks borne by the government party. The following table sets out key issues to be considered and tools and processes that can be used to develop this aspect of the reporting regime.
Issues to be considered | Tools or processes |
What risks have been retained and where is each one likely to have its most significant impact? What risks have been transferred to the private party and which have significant residual risk for the government party? Has the government party taken back any transferred risks? What are the quantified impacts of the risks borne by the government party? Has the risk profile changed? | Risk register - regular monitoring and updating of the risk matrix for the project Risk management framework - the government party's internal risk management framework |