Schedule Risk

These permit modifications were submitted to EPA from April 2000 through July 2000. Currently, two permit modifications are partially approved and awaiting final EPA approval. The remaining four permit modifications have been approved. Permit modifications need to be identified with sufficient lead time to allow EPA regulatory review, public comment, and the resolution of any EPA and/or public comments. Delays in the approval of permit modifications can delay the completion of closure. If the Army elects to implement an ECP prior to EPA approval, it does so at its own financial and/or schedule risk. Potential delays and... 

Cost and schedule risks will typically increase if a residential standard is chosen. 

Recommendation 6-2. Schedule risk should be evaluated for the Aberdeen and Newport facilities in the context of program implications and public risks and appropriate contingency plans developed if needed. 

Schedule risk. If the equipment is not delivered on time, what is the impact on the project How likely is the equipment to be shipped when... 

Has the longest schedule with the longest schedule risk. 

Note The trend is for states to require NPDES permits for plants who discharge to outside treatment facilities. In these cases, the permit modification procedure may come into play for the new project. Again, start discussions early. Cost and schedule risks may impact the project. 

Browning, T.R., Eppinger, S.T. Modelling the impact of process architecture on cost and schedule risk in product development. Technical Report 4050, Massachusetts Institute of Technology, Sloan School of Management (2000) Broy, M. Software technology - formal models and scientific foundations. Information and Software Technology 41, 947-950 (1999)... 

Review and evaluate the issues and obstacles associated with the environmental regulatory approval process for successful employment of Non-stockpile Chemical Materiel disposal systems (mobile and semi-permanent) that the Army may encounter during its management of the Non-stockpile Program and offer recommendations that may make the regulatory approval process more efficient while reducing schedule risk. 

The technical integrity assessments to be carried out The risk analysis to be undertaken/utilized The acceptance criteria to be adopted The impact from schedule risk... 

The scheduling risk is reduced by having the overall responsibility for the time schedule assigned to a single, experienced party. 

Acceptable risk is risk that is known, understood, and judged to be acceptable by an individual or a group. There are many different risk types that can be evaluated and accepted, such as cost risk, schedule risk, investment risk, programmatic risk, and safety risk. It should be noted that if risk is not identified or communicated, it is accepted by default without knowledge. An accepted risk does not necessarily mean that the risk has been made as low as potentially possible. 

The concept and reality of risk has been around for some time. There are many different types of risk, such as safety risk, hazard risk, mishap risk, schedule risk, cost risk, investment risk, product risk, and sports risk. Risk also involves many contending factors, such as perceived risk, real risk, individual risk, group risk, societal risk, high risk takers, low risk takers, and risk aversion. On the surface, risk appears to be a very simple concept however, risk can easily become very complex due to all the types, factors, possibilities, and considerations involved. Risk and risk management are not just safety concepts. Risk analysis and risk management are used in many different fields, such as finance, project management, and health care, just to name a few. Risk is not about the present, it is about the future. Risk deals with uncertainty and outcomes. 

Selection criteria are used to discriminate between viable alternatives based on their respective performance across the entire criteria set. Selection criteria are selected from key desirable characteristics that are important to the stakeholders. These consistently include cost and risk. As we shall see in the section on the Risk Management Process (Section 5.5), risk may be differentiated into cost risk, schedule risk, programmatic risk, and performance risk if it appears that these vary separately among the alternatives. 

Schedule risk Schedule risk exists if decision gates such as PDR must slip because hazards identified in the Preliminary Hazard Analysis (PHA) cannot be reduced to an acceptable level, or if the review of safety deliverables is delayed. It may manifest itself at the system, subsystem, or itan level. 

Monitor risks Each risk category has certain indicators that may be used to monitor project status for treatment of risk. Technical risk may be indicated by key system technical parameters. The value added by a technical parameter versus the expenditure of resources to achieve that value throughout the life cycle over time may be tracked and evaluated. Cost and schedule risks are monitored using analysis of the cost and schedule reporting system or... 

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