Risk
There is a risk that the public/private partnership will not be viable in the longer term leading to the cessation of EV infrastructure roll-out.
Impacts:
- infrastructure breaks down
- public in the technology confidence is lost
- funds are put at risk; credibility of partners is lost
Mitigation:
- binding contractual arrangements within the partnership
- robust contractual arrangements with chosen supplier
- exit strategy in case of dissolution of the partnership
- project continues in a fragmentary format
Residual risks: Economies of scale may be lost, progress may be slower, scope reduced and some communities lose out.
Status: Amber
Risk
There is a risk that technology may move faster than currently anticipated and that the infrastructure therefore becomes obsolete.
Impacts:
- public confidence in the infrastructure is lost
- host sites are blighted by out-of-date hardware
Mitigation: Contract with supplier includes provision for updating of hardware.
Residual risks: Commercial opportunity may be devalued
Status: Green
Risk
There is a risk that the commercial partner ceases to trade and cannot fulfil the contract.
Impacts: Maintenance and renewal is discontinued.
Mitigation: Contract with supplier provides arrangements for the contract to be taken over by alternative supplier.
Residual risks: Further administrative effort required.
Status: Amber
Risk
Revenue stream does not meet projections and the project budget therefore produces a shortfall.
Impacts: Adverse financial out-turns are reported by the partners.
Mitigation:
- the project is founded on realistic expectations of financial returns for the partners
- there is wide understanding that the project is intended to address a market breakdown and is not driven by the need to generate large revenues. Advice received from suppliers suggest that long term contracts will enable initial funding outlay to be recovered
Residual risks: Some partners withdraw and leave the burden of liabilities to the others.
Status: Green
Risk
There is a risk that the ambitions of the project are unsustainable or undeliverable due to the complex nature of the partnership and conflicting expectations of partners.
Impacts: The benefits to potential EV owners are lost or downgraded.
Mitigation: Partnership members to be realistic in their expectations of the scope of the project.
Residual risks: The project may be reduced in scale and scope.
Status: Green
Risk
There is a risk that the public sector partners do not maximise the financial benefits and opportunities.
Impacts: Elected members become disenchanted with EV technology and political support diminishes.
Mitigation: A robust contractual arrangement with the commercial supplier should include clear and realistic expectations in terms of revenues, including pay-back timetable.
Residual risks: Revenues may be lower than expected but still within acceptable limits.
Status: Amber
Risk
There is a risk that procurement becomes a protracted process due to the different demands and expectations of partners.
Impacts: Funding is threatened by delays to the timetable and financial deadlines are missed.
Mitigation:
- clear and realistic goal-setting and timetables for delivery
- single-supplier contracted to carry out installations
Residual risks: Delays occur but within acceptable limits.
Status: Green
Risk
Partners are unable or unwilling to contribute financially to the project leading to the grant funding being un-matched.
Impacts:
- the project is undeliverable and the grant funding is returned to OZEV
- the credibility of the partners is damaged
Mitigation: Project proceeds only when all partners are signed up to a contract; any that does not wish to proceed are removed from the delivery phase.
Residual risks: The project continues but at a reduced scale.
Status: Amber
Risk
The project fails to have the anticipated impact on public perception and the take-up of EVs remains low.
Impacts:
- partners credibility is brought into question
- political support may be lost
Mitigation: Each individual installation is modest in scale so any perception of wasted effort/resources is minimal.
Residual risks: Some public dissatisfaction but some movement in EV uptake.
Status: Green