Catalyst for Growth Programme
Application appendix 2: Risk assessment summary
Risks associated with the project should be identified and recorded at the outset using the table below, together with a realistic assessment of their
probability and impact. Details of how you propose to manage, remove or mitigate these risks should also be provided and will be assessed as part of the
application appraisal. If the application is successful then these will fed into the risk assessment sections within the quarterly Project Monitoring Report and
which will be discussed with the Contract Monitoring Officer. Risks described below may include those relating to for example: implementation, finance,
expenditure and jobs delivery. Probability and Impact scores: Low (1); Low-Medium (2); Medium (3); Medium-High (4) and High (5).
Probability
Risk Description (include date
identified)
1
2
3
4
5
6
7
8
Score 1 (Low)
to 5 (High)
Impact
Score 1
(Low) to 5
(High)
Assessment
(Probability X
Impact)
Critical (20-25)
High (14-19)
Medium (8-13)
Low ( >7)
Mitigating actions and progress being made.
Assessment post
mitigation
(critical/high/
medium/low)