Risk Management Report: Ford Site Decommissioning Project

This report provides a comprehensive analysis of project risk management strategies for the decommissioning and repurposing of a Ford manufacturing site. The project, undertaken by the VCN Consortium, aims to convert the old industrial site into a mixed-use commercial center. The report details the project context, key stakeholders, and a step-by-step risk management approach, including identification, assessment, mitigation, and monitoring. It utilizes tools like the Probability/Impact Scheme and outlines various risk response strategies such as Avoid, Transfer, Mitigate, and Retaining. A detailed risk register is presented, identifying potential risks across physical/technical, legal, management, financial/cost, and commercial subcategories. Each risk is assessed for probability, impact, and appropriate management responses. The report concludes with a reflection and a summary of the risk management process, offering valuable insights into mitigating potential challenges and ensuring the successful completion of the project. The report highlights the importance of proactive risk management in achieving project objectives within the specified timeframe and budget.