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Risk Assessment and Risk Management Plan

The risk assessment and management plan identifies several risks to the project to install solar power generation at NDU and measures to mitigate these risks. Potential risks include grid instability issues due to lack of integration of new renewable assets, delays in installing transmission equipment, insufficient solar power generation due to climate change, and demand exceeding projections. Mitigation measures include hiring a grid specialist, including installation delays in funding agreements, angling solar panels to maximize generation, and conservative project sizing. The plan also addresses risks of insufficient financial management capacity, concerns from residents during implementation, and establishes a risk breakdown structure to identify internal and external risks.

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BEEHA afzel
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297 views3 pages

Risk Assessment and Risk Management Plan

The risk assessment and management plan identifies several risks to the project to install solar power generation at NDU and measures to mitigate these risks. Potential risks include grid instability issues due to lack of integration of new renewable assets, delays in installing transmission equipment, insufficient solar power generation due to climate change, and demand exceeding projections. Mitigation measures include hiring a grid specialist, including installation delays in funding agreements, angling solar panels to maximize generation, and conservative project sizing. The plan also addresses risks of insufficient financial management capacity, concerns from residents during implementation, and establishes a risk breakdown structure to identify internal and external risks.

Uploaded by

BEEHA afzel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

RISK ASSESSMENT AND RISK MANAGEMENT PLAN

Risk Description Mitigation Measures Responsibility

Potential difficulties in managing The Project team will include a Admin, NDU
the grid because of instability grid specialist to review the
issues at NDU, as a result of a designs and be on site during
lack of integration of new testing and commissioning. In
renewable power generation addition, the project includes a
assets with existing assets and new technology system to
systems. facilitate the integration.

Delays in installation of If the installation has not been Admin, NDU


transmission and distribution completed prior to grant
investments by NDU authority. approval, this can be included in
the report and recommendation
of the President of NDU as a
grant agreement, and release of
the funds can be postponed
until the installation has been
completed.

Climate change leads to The solar panels were angled Project Manager , Designer
insufficient solar power, solar power generation yield in
undermining the renewable the mornings and afternoons.
power generation targets at North-facing panels would
NDU. benefit only in the middle of the
day, which is also more likely to
be interrupted by weather and
climate events.

Demand exceeds projections, Project sizing is conservative to Project Manager, Admin NDU.
resulting in higher diesel avoid the development of
consumption than anticipated. stranded assets. Base
Due to political and economic infrastructure, such as
instability, 30 % petrol and transformers and transmission
diesel prices are increased. It interconnections, was sized to
would be difficult for NDU to allow future integrated
proceed this project. increases in solar capacity, and
additional solar panels and
battery storage systems can be
added to the project at a later
time which will facilitate the
LMS department of NDU.
Insufficient financial While the financial management Admin NDU.
management capacity at NDU assessment indicated that NDU
for LMS department because has adequate financial
maximum resources are management capacity to
allocated to IR department manage the project, to mitigate
because of the strength of the this potential risk, the following
IR. measures are planned:
(i) Project monitoring will be
undertaken to ensure that
financial management processes
are established and followed.
NDU’s Renewable Energy Unit
will conduct project monitoring
and file quarterly reports.
(ii) NDU will be required to
maintain separate and adequate
project records and accounts.

NDU’s residents become The project team sets out a plan NDU Authority
concerned about the project for consultation activities with
during implementation. NDU’s residents, project-
affected persons, and the public
at large.

Risk Breakdown Structure (RBS):


Risk breakdown structure is made to identify and understand potential risks that can hinder its
success. As there is a lot of data so RBS can help us consider and evaluate important risk
information. The major potential risks to our by-pass can be internal or external. Internal risks
can be regarding the management and equipment. If the management is incompetent, it can
pose a serious risk for the project as we don’t know where it lacks or go wrong. On the other
hand, if the equipment is dysfunctional, it can incur extra cost and effort. The external risks
include material supply and weather conditions. These threats are highly unpredictable. We
will take measure to mitigate these risks or to face them competently. Here is the risk
breakdown structure of solar power panel:
y
Compoents Project
organizatiuonal Technical
Installation management

Resource Installation
Estimations Requirements
availability/ of solar
and scope
financial panels

Staffing Installations planning Technology


of batteries

Materials
purchasing Integration of communication and
methods
solar power
supply to project Performance
management
team and reliability
experience
expertise
Time Assumtions
Procurement management / and
inediquate constraints
deadlines

Installment
issues

RISK ASSESSMENT AND RISK MANAGEMENT PLAN Risk Description Mitigation Measures
Insufficient financial management capacity at NDU for LMS department because maximum resources are allocated to IR depart
y organizatiuonal Resource availability/ financial Staffing purchasing management experience Procurement Compoents Insta

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