Cost risk framework / Ahmed Ghanmi … [et al.]. : D68-2/167-2014E-PDF

This document describes a framework that is designed to standardize the identification, analysis, and reporting of a project’s cost risk within the Department of National Defence (DND) and Canadian Armed Forces (CAF). While there are extensive academic and industrial standards on risk identification, analysis, and reporting, the distinguishing characteristics of this framework are its particular emphasis on DND/CAF operating environment, the constraints of existing public service policies, and stakeholder’s unique requirements. These important public sector considerations include: the Data Readiness Level metric to measure the availability of data for risk assessment; a checklist to link the Chief Financial Officer’s attestation process to the selection of appropriate visualization and reporting techniques; and the contextualization of cost risk in DND as a subset of the Government of Canada’s own challenge of funding its policies and programs within available fiscal room.

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