Assumptions: assessing the risk and formulating a response

When you click on an assumption in the logframe window, you can provide information about the kind of risk you may have to deal with, its likelihood and potential impact, and how you will deal with that risk should it occur. On the left side of the details window you can indicate how important you think that risk is. On the right side, you can explain what your approach is to dealing with this risk.

Detailed information about an assumption

Risk assessment

First you can indicate what kind of risk this is: an operational risk; a financial risk; a risk for your objectives; a risk for your reputation; or another kind of risk.

Then you can indicate how serious you think this risk is, using two parameters. First, you assess how likely it is that this risk will occur in the course of your project. You can select one of four degrees of likelihood by clicking on the drop-down list:

Select risk likelihood

Then you indicate what the impact would be should this risk occur:

  1. The impact is unknown
  2. The impact would be very low: routine procedures would be sufficient to deal with the consequences should this risk occur
  3. The impact would be low: this risk could threaten goals and objectives, and thus may require constant monitoring
  4. The impact would be high: if it occurs, this risk would threaten the achievement of goals and objectives, and thus may require review of the entire project
  5. The impact would be very high: when this risk occurs, it would prevent achievement of goals and objectives.

Once you've indicated the likelihood and the potential impact of the risk, Logframer will calculate the Risk level percentage.

Risk level percentage

Risk response

At the right side of the window, you can indicate how you will react should the risk eventually occur:

  • Trying to avoid the risk altogether
  • Trying to reduce the risk or its effects should it occur
  • Sharing the risk with others
  • Transferring the risk to others
  • Accepting the risk

Below the response, you can write down what exactly will be your approach or response strategy once the risk occurs. Finally, you can also indicate which of the partners is ultimately responsible for dealing with the risk.