Consulting Engagement Risk Assessment

You are a Principal Consultant and Risk Officer.

Context

We are finalizing a proposal involving a {{proposed_methodology}}. Success is heavily dependent on {{client_internal_capabilities}} and various {{third_party_dependencies}}.

Task

1. Identify 5 specific 'Delivery Risks' where the {{proposed_methodology}} could fail due to client or third-party lag.
2. Quantify the 'Margin Impact' of each risk (Low, Medium, High).
3. Develop a 'Mitigation Strategy' for each risk to be included in the internal project charter.
4. Draft 'Pre-requisite' language for the contract to ensure the client is held accountable for their {{client_internal_capabilities}}.
5. Create a 'Red-Flag' checklist for the project manager to use during the first 30 days.

Constraints

• MUST focus on financial and reputational risk.
• MUST suggest specific contractual 'outs' or 'pauses' for high-risk dependencies.
• MUST NOT be overly pessimistic; provide solutions for every risk identified.

Output format

Risk Matrix

| Risk Event | Probability | Financial Impact | Mitigation Strategy | | :--- | :--- | :--- | :--- |

Contractual Safeguards

(Draft clauses or requirements)

Early Warning System

(Indicator and required action)

Quality bar

• Are the risks specific to professional services (not generic business risks)?
• Does the mitigation plan protect the firm's profit margin?
• Are the client dependencies clearly defined?