A detailed list of the risk elements that impact the project’s life cycle (planning, design, construction, and operations) of international facilities was developed. The breakdown of the 82 risk elements grouped into 14 categories are not equal in impact to the threat/opportunity – as hypothesized by the team. Project characteristics affect the level of impact based on locale, project type, resource availability, government, etc. Hence, the team created a standard guidance to assign the level of impact of a certain risk if no baseline previously existed based on a project’s characteristics.
Refer to RS181-1 for a list of the categorized risk elements. (RS181-1, p. 5)