16.1.4 Phase four: Risk review workshop
Guidance notes - Risk review workshop |
The phase four risk review workshop applies to both the simple and advanced methods of valuing risk. The purpose of the risk review workshop is to: |
• identify and further assess risks missed in the process to date |
• confirm the proposed risk allocation |
• run a sanity check of the risk estimates provided by the risk experts |
• formulate risk management and mitigation strategies. |
At the end of the fourth phase risk workshop, the risk register should be effectively signed off by the participants so that the risk modelling exercise can be completed and incorporated into the PSC. |
The phase four workshop was held at [ ] on [insert date] with the following representatives attending from their respective departments and organisations:
Department/Organisation | Attendees (participants) at the risk workshop |
the Procuring Agency | [list names of participants] |
[list names of participants] | |
[name of clinical operator] | [list names of participants] |
[insert name of technical adviser] | [list names of participants] |
[insert names of financial advisers] | [list names of participants] |
The primary purpose of the risk workshop was to run a risk sanity check, confirm the risk estimates and formulate risk management and mitigation strategies.