Risk management plan template

Background:

Risk Assessment

BizOps will upgrade OpenOffice system in every computer of the company. Management
has decided that this is the best option since it is within project Budget.

Context:

The implementation plan is a long process that needs to be carefully performed in order to
prevent any issue or loss of data. Therefore, it is imperative that the organisation assess all
risks of implementation so employees feel more comfortable during the upgrading.

© Aspire Training & Consulting

Document date: April 2015
Page 1 of 5

[unit code and title]...........................................................................................................................................

[student name].......................................................... [id].................................... [date]..................

Risk management plan template

Identification and analysis

Grade Level of likelihood

A Expected (will occur regularly)

B Probable (will occur at some stage)

Risk likelihood legend

C Possible (could occur)

D Improbable (could occur but unlikely)

E Rare (may occur but in limited situations)

Grade Level of impact

1 Insignificant

2 Minor
Risk impact/
consequence legend
3 Moderate

4 Major

5 Catastrophic

© Aspire Training & Consulting

Document date: April 2015
Page 2 of 5

[unit code and title]...........................................................................................................................................

[student name].......................................................... [id].................................... [date]..................

Risk management plan template

Risk categorisation matrix

Level of Level of impact

likelihood
1 2 3 4 5
(Insignificant) (Minor) (Moderate) (Major) (Catastrophic)
A (Expected)
Medium Medium High Extreme Extreme
B (Probable)
Medium Medium Medium High Extreme
C (Possible)
Low Medium Medium High High
D (Improbable)
Low Low Medium Medium High
E (Rare)
Low Low Low High Medium

Risk categorisation table

Priority Risk Likelihood Impact Level of risk

1 Staff losing access to e-mail for 3 days or C Major Extreme

more

2 System down for 8 hours C Major High

3 Computer efficiency drops 50% D Moderate Medium

4 Word processing become obsolete D Moderate Medium

© Aspire Training & Consulting

Document date: April 2015
Page 3 of 5

[unit code and title]...........................................................................................................................................

[student name].......................................................... [id].................................... [date]..................

Risk management plan template

Risk control/treatment

Activity:
Risks

Staff losing access to e-mail for 3 days or more

System down for 8 hours

Computer efficiency drops 50%

Word processing become obsolete

Control measures/ Control measure Strength Weakness

treatments
Create an alternative Easy Might not function as well
access to email

Create and develop a Save information It takes time

huge database

Test the upgraded system Efficiency Not accurate

before implementation

Impact of risk/s on
areas outside your
responsibility Current operations stop for hours and prices of share might go down

Personnel involved

Project officers

IT officers

Expected outcomes of
Ensure safety and availability of data stored in the system
risk treatment plan

© Aspire Training & Consulting

Document date: April 2015
Page 4 of 5

[unit code and title]...........................................................................................................................................

[student name].......................................................... [id].................................... [date]..................

Risk management plan template

© Aspire Training & Consulting

Document date: April 2015
Page 5 of 5

[unit code and title]...........................................................................................................................................

[student name].......................................................... [id].................................... [date]..................