PLAYING RISK “It is important to discuss each risk statement and what factors influence everyone’s decisions. ... in order to maximize the benefits for student living.” TEAMS DRIVE ERM SUCCESS I TABLE 1 HOUSING PROJECT ALTERNATIVES Risk Examples: Postpone Project Insufficient capacity for entering freshman class Interest rates will increase beyond expected projections Delay in renovations Construction inflation will increase beyond expected projections Cannot deliver desired on-campus experience, not competitive with peers Weakens contribution to neighborhood development LEGEND Extreme Significant capability loss and the achievement of objectives is unlikely 36 TALKING STICK Project as Planned Substantial Medium Medium Medium Medium Medium Modified Project Plan Medium Medium Medium Medium Medium Medium Low Little or no impact on the achievement of objectives or capability High Substantial High Substantial Substantial Substantial Substantial Will degrade the achievement of objectives or capability High Significantly degrades the achievement of objectives or capability Medium May degrade the achievement of some objectives or capability