Table 3 Identification of the risks from the real-life project.

From: Beyond probability-impact matrices in project risk management: A quantitative methodology for risk prioritisation

Risk

Risk Id.

Phase

Prob.

Impact (I)

Act. Imp

Dur

Cost

(P)

Dur

Cost

Technical complexity of the engineering project

R1

 

Engineering

VL

L

6

Change of requirements in the project

R2

R10

Engineering

H

M

L

2

Inadequate supplier management

 

R11

Procurement

L

M

8

Supply chain disruptions

R3

R12

Procurement

L

H

L

13

Inaccurate internal needs analysis

R4

 

Procurement

M

L

12

Health and safety hazards

R5

 

Construction

M

M

20

Adverse weather conditions

R6

R13

Construction

L

L

M

26

Difficulties in obtaining permits and licences

R7

R14

Construction

VL

M

VL

30

Availability of skilled labour

R8

 

Construction

M

M

28

Availability of construction materials on time

R9

 

Construction

L

M

23

Changes in the price of raw materials

 

R15

Construction

L

H

31