The execution of the masterplan is subject to several risks. They have been mentioned in the text above but are summarised here together with possible mitigations. Risk Consequence Mitigation The TAP Phase One is not approved according to the Chapter 7 timetable Delay to re-publication of TAP TSI Regulation, uncertainty for RU and IMs as to the method for meeting their obligations and therefore no funds at all in 2013 for any TAP TSI Phase Two activity Effective working in May and June 2012 by all parties to ensure approval is to the timetable DG MOVE or ERA proposes material changes to the TAP Phase One (for example as regards the architecture or governance) and the regulatory services proposed in it Extended negotiation between DG MOVE, ERA and the stakeholders leading to uncertainty for RU and IMs as to the method for meeting their obligations and therefore no funds at all in 2013 for any TAP TSI Phase Two activity Effective working in May and June 2012 by all parties to ensure approval is to the timetable RUs in a bad financial state will not meet masterplan timetable Incomplete roll-out of TAP TSI masterplan DG MOVE and relevant Member State discuss funding options for affected RUs RUs not involved in TAP TSI Phase One project will not meet masterplan timetable Incomplete roll-out of TAP TSI masterplan Member States actively ensure all implicated RUs prepare and execute their implementation plan project RUs operating PSO contracts will not meet masterplan timetable Incomplete roll-out of TAP TSI masterplan Member States actively ensure all public authorities holding or entering into rail PSO contracts are aware of the need for their PSO RUs to prepare and execute an implementation plan project RUs not involved in international business will not meet masterplan timetable Incomplete roll-out of TAP TSI masterplan Member States actively ensure all implicated RUs plan at least to make their timetable data available as per the Regulation RUs and IMs have no funds to carry out implementation plan projects in second half of 2012 Incomplete roll-out of TAP TSI masterplan Member States where necessary fund RUs to prepare and execute their implementation plan project RUs cannot fund Phase Two transition project to start in 2012 Phase Two transition starts only when stakeholder funds collected in mid 2013 leading to six to nine months delay to masterplan goodwill from RUs and IMs to self-fund work in 2012 in anticipation of eventual project payment
Governance entity has funds on formation to conduct business Entity does not start work and TAP TSI service procurements delayed for an extended period until funds available 30 stakeholders who will pay five years participation fees (for 2015 to 2019 incl) during 2013 so that service development contracts can be signed A common proposal for governance of RU/IM matters cannot be agreed with TAF TSI stakeholders Delay to re-publication of TAP TSI and TAF TSI Regulations, uncertainty for RU and IMs as to the method for meeting their obligations and therefore no funds at all in 2013 for any TAP TSI Phase Two activity Effective working in May and June 2012 by all parties to ensure a common proposal can be agreed Other stakeholders as defined in the governance refrain from participation in the entity Reduced membership and hence higher annual participation fees Proactive communication from the governance entity to potential stakeholders and third parties