Risk Analysis

	Risk analysis template - fill out for a specific risk
Project Name	Bathroom Remodel
Risk ID #	1
Responsible person	Water leakage or uncovering previous water damage behind walls or flooring
Risk identification date	[mm/dd/yy]
Condition	When removing the backerboard from the wall finding a leaking pipe
Trigger event	Discovering the problem upon removal of items
Consequence/Impact description	Have to replace the pipes, wall studs, and or floorfoundation on the upperlevel of the condominium.
Consequence/Impact value (quantify impact)	2500.00
Probability (choose from 20, 40, 60, 80)	20.00%
Expected Value	500
Response Strategy	Assuming no pre-existing water damage, do not damage existing piping.
Known Cost of Response	0
Contingency for Response	Have the plumber be present when working around the piping.  Also have plumber pre-inspect the area before continuing with instalation.
WBS Relationship (tasks associated with condition or response strategy)	The general contractor will work with the removal of tile, backerboard, and tub.  The plumber will inspect the area before having to replace any piping. We already will replace parts of the piping for the faucet.