How do busy Technical Project Officers manage the risk associated with their portfolio of projects? Successful risk management can ensure that a project that achieves its goals on time and within budget by enabling DOE and grant recipients to identify and address issues before they turn into problems.
One EERE program has developed a risk assessment tool that measures and evaluates the risk associated with a range of projects in a systematic way. Using a series of financial and technical performance indicators, it has developed a tool that forms an evidentiary base for the systematic assignment of risk (classified as low, medium, or high). While the particular metrics used are designed specifically for this program, this tool has wider applicability to other programs. [More]