Risk Description Impact Category Probability Impact Score Mitigation Strategy (/10) (/10) (prob + imp) Bad weather causes delays to Delays to the construction Known unknowns 5/ 10 7/10 12/20 1. Preparing the development the construction of will subsequently delay schedule according to agricultural infrastructure. successor activities and seasonal changes ultimately the project as a 2. Consider different whole. construction Potentially cause severe methodologies for various damage that requires variables than can occur repairs, incurring and affect the business additional costs and 3. Modify construction further delays. operating times 4. Prepare the project before various weather strikes 5. Ensure groups area unit ready to work safely in inclement weather Delays on the arrival of Delays on equipment Unknown 4/ 10 7/ 10 11/20 1. Allow the use of domestic farming equipment supplies. arrival will delay project unknowns and local suppliers to activities requiring the use of such equipment. Damage supplier relations if delays for vital equipment is substantial, potentially causing the need for a new supplier of equipment. ensure quick accessible alternatives 2. Stop ordering equipment in bulk 3. Keep inventory of equipment and supply on standby for delays 4. Keep track of all the assets Seasonal vegetable, tomato, Incur additional costs in Unknown 3/10 9/10 12/20 1. Encourage useful insects and herb crops are infested repurchasing and unknowns in order to fight off the with pests. replanting seeds. pests Causes the need to 2. Choose the vegetable sterilise infested land. plants sagely Delay the sale of 3. Employ physical barriers vegetables, herbs, and to reduce the risk of this tomatoes potentially happening damaging customer 4. Utilize intercropping relations. Resource estimations were Delays in project activities |Known knowns 4/10 7/10 11/20 1. Foresee resource demand completed inaccurately, due to them being unable to avoid shortage of causing shortages for seeds, to be completed with resources tools, and machinery. insufficient resources. 2. implement resource Re-do resource estimates, improvement and placing a halt on progress eliminate worker burnout towards project 3. Optimal resource completion. allocation for increased productivity 4. Facilitate effective bench management and improve billability Delays in the approval of Research completed to Known knowns 5/10 7/10 12/20 1. Verify the documents and required grants and licences find a new, suitable sign a land sale agreement to own land in South location for the project. 2. Find out the revenue Australia. Delays to the completion enhancement on the land of project activities until 3. Sale/Conveyance deed of new land is found or the land grants are approved. 4. Ensure there aren't any Competitors may start a unfinished tax receipts and similar business in the bills of land records South Australia regionResearch into the demand for seasonal vegetables, tomatoes, and herbs in South Australia was conducted incorrectly and the demand turned out to be drastically lower than originally thought. Prot potential may be drastically lowered to the point Where a loss may be incurred, rendering the project useless. Research into new areas to expand into that will provide the desired demand and subsequent profits. Known knowns 3/10 9/10 12/20 1. SAFE\" Maintain clear, proactive relationships along with your suppliers. Activate alternate sources of offer. Cut back lead times. Update inventory policy. Align offer and demand management. Risk Summary 10% Provide a clear descriptive summary of the risk, its significance. Impact and the level of priority that should be attributed the risk