Appendix C

RISK ASSESMENT

Risk Category

Specific Risk

Risk Level

Mitigation

Timeline Risk

  • Archaeological requirements may extend timelines

  • Moderate

  • This risk is not predictable, as the impacts to the timeline are not known until the Archaeological work has commenced.

  • Hire an Archaeological Consultant after conceptual design is completed to conclude any required documentation for the area of the plaza.

  • Undefined Project Program

  • Moderate

  • Complete program refining tasks, such as community engagement, as the first task for the consultant.

  • Refine conceptual design direction during public engagement process to minimize the need to return to the public for further conceptual direction after the program is adopted.

  • Grant funding may impact timelines

  • Low

  • This project has been submitted as part of a larger project grant application.

  • The project timelines and milestones are able to adjusted to align with funding programs. The project team has already anticipated this in the schedule to help mitigate the impacts.

Capital Cost Risks

  • Unknown program elements may add to the capital cost of the project.

  • Moderate

  • Some of the program elements have been defined, but more program elements will be revealed during the Community Engagement and concept design phase for the project. The project will be a Design-Bid-Build delivery so that the entire program will be defined prior to tendering for construction.

  • Construction estimates will be provided at major design milestones in order to identify budget issues as early as possible.