CPCP 2: Project Risks & Mitigation
Description	Likelihood	Impact	Risk Potential	Mitigation Strategy	Likelihood*	Impact*	Risk Potential*
Delays due to weather or permitting	High	Low	Low	Flexable  planning - times and drilling order can be changed: all sites have multiple options	Moderate	Low	Low
Cost overuns	Low	Low	Low	Professional project management, direct assessement of site with project manager	Moderate	Low	Low
Missing 3rd part funding (1)	Moderate	High	High	Phased processing possible once core is in hand	Low	High	Moderate
Understaffing	Low	Moderate	Low	Professional project management, no on-site science needed	Low	Low	Low
Poor engineering planning and operational management	Low	High	High	Professional project on site management, drilling plans well established, well-on-paper, previous experience, simple drilling and QHSE proceedures	Low	Moderate	Low
Unexpected geology / hazard	Low	Low	High	Professional project on site management, areas have low hydrocarbon risk, but also low exploration, blowout protection planned, simple "layer cake" geology	Low	Low	Low
Environmental impact	Low	Moderate	Low	Recirculating mud system, non-toxic additives, previously disturbed sites, archeological survey	Low	Moderate	Low
Missing or short supplies of services and equipment	Modertate	High	Low	Advance ordering of supplies and services, professional project on site management	Low	Moderate	Low
Missing coordination	Moderate	Low	Low	Detailed virtual planning workshops, virtual meetings of all management and science members, minimally weekly, professional well site management and daily reports	Low	Low	Low
Missing communitcation in science tem and OSG	Moderate	Moderate	Moderate	Detailed planning, virtual meetings of all management and science members, minimally weekly, professional well site management and daily reports	Low	Moderate	Moderate
Late recognition of obsticles	Low	Moderate	Low	All hands on deck approach, daily communication between groups on site	Low	Low	Low
* Mitigation effect
1 Most Science Funding will be from NSF side, but international partners will need to seek additional funding from their own countries