Coggan's comments come after a first-class game between Otago and Auckland at Queens Park last week was ruined by a combination of poor weather and poor drainage at the venue.
While there is nothing that can be done about the weather, the drainage is incomplete.
There is no coverage in an area at the duck pond end of the ground and the damp spot caused significant disruptions to the match.
There are also trees nearby which shade the area and slow the drying process.
With little chance of the area drying, both teams agreed to shift the boundary in so play could start on the opening day of the game.
Further weather and drainage disruptions stripped the game of more time and the match was eventually called early in the final afternoon.
Southland Cricket Association was embarrassed by the situation. However, it leases the ground off the Invercargill City Council and told the Otago Daily Times last week it was in regular communication with the council regarding the issue.
Venues must have a New Zealand Cricket (NZC) warrant of fitness in order to be eligible to host first-class, list A or domestic T20 games.
Those warrants are regularly reviewed and Coggan acknowledged Queens Parks was at risk of having it withdrawn.
"What happens from here is NZC will now put in place a review," Coggan said.
"They will be looking at a number of issues that were raised by the match manager."
Coggan expects that process will not be complete until mid-April. Following that, NZC will meet the Otago Cricket Association (OCA) and discuss the findings.
"After that we will just have to work through those recommendations".
Coggan expects some remedial work will be required to ensure the ground "remains fit for purpose".
"If you look at precedents set around the country, you have to say it is possible [it will lose its warrant of fitness].
"One of the things that is really important about a first-class game is you can play it for four days and players have the best opportunity to get a result.
"We can’t go to venues that don’t offer that opportunity."
The drainage has long been an issue at Queens Park. The council made improvements in 2015.
However, that work did not extend to the troublesome patch.
Alexandra’s Molyneux Park has had a checkered past.
It lost its warrant of fitness following the 2008-09 season and it was withdrawn again in 2011.
The pitch drew criticism again a couple of seasons back. But it had a full renovation in February last year and the new strip has performed well.
