1. (a) The Risk Minimization and Performance Measurement phase begins upon award of the project contract. Risk includes anything that impacts project cost, quality or project schedule caused by the vendor, the State, unforeseen conditions or other parties. The Phase consists of, but is not limited to:

2. (b) Weekly Risk Report System (WRR). The WRR is a project requirement and tool the vendor must use to manage and document all risks that occur throughout a project. The WRR is a standardized format prescribed by the Director, which may include:

   1. (1) all key contact information;
   2. (2) project milestone schedule;
   3. (3) risk sheet;
   4. (4) modification/deviation tracking;
   5. (5) risk management plan (RMP);
   6. (6) any risks the Department may require the vendor to document that could impact the customer or the Department's satisfaction.
   7. (7) performance measurements
3. (c) The vendor shall submit a risk report for the project/service weekly throughout their contract, or as otherwise required by the Director.

Added at 31 Ok Reg 1423, eff 9-12-14

Amended at 40 Ok Reg 2108, eff 9-11-23