6.3: Risk Assessment and Contingency plan – EXECUTIVE SUMMARY

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6.3: Risk Assessment and Contingency plan - EXECUTIVE SUMMARY

This deliverable describes the methodology to be used in the HELIX project to identify and evaluate the risk of occurrence of adverse situations which can negatively affect the outcome of the project and proposes a contingency plan to address the issues during the project. Furthermore, a general overview of the initially foreseen risks of the HELIX project is presented, as well a more detailed description of risk management on a work package level.

For each risk, the impact and the likelihood of occurrence of the risks and the means of mitigating them is also defined. The Contingency Plan establishes the preventive or corrective actions to be adopted to reduce the risky character (i.e. from critical to significant) of each item. The risk ownership is established through the role and responsibilities within the consortium.