Professional Documents
Culture Documents
Objective
The objective of this document is to visualize and plan ahead any possible contingency to
reduce, avoid, transfer or accept any risk that could affect the Plant Pals operations launch.
Executive Summary
This project will take 3 months to be completed and its main milestones are: develop and launch
an employee training program and select and acquire supply chain equipment, however we are
expecting some budgetary and staff risks, during the project development.
Each delivery truck costs High Find a new vendor to reduce the cost for getting
$16,000 more than initially the new delivery trucks.
quoted
A product vendor charges Medium Find a new vendor to reduce the cost
a higher rate than
expected
A product vendor loses a Medium Find a new vendor to supply the lost.
product shipment
RISK TYPE TWO: Falling behind the training schedule
Your Training Manager gets Low Hire a new Training Manager for one week while
sick and misses a week of our sick manager recovering.
training.
You cannot hire enough Medium Paying extra hours to those employees who
employees in time to train passed, while we hire new ones to train.
them before launch
More than 50% of Medium Paying extra hours to those employees who
employees quit after a passed, while we hire new ones to train.
difficult training process
Appendix:
Probability chart:
Probability
Qualitative Quantitative (if measurable)
Low Very low chance of risk occurring. Less than <10% chance of risk occurring.
Types of
Impact Low Medium High
Low financial impact, Medium financial impact, High financial impact,
costing the company $0- costing the company costing the company
Financial $14,000 $15,000-$29,000 $30,000 or more
Medium impact to project
Low impact to project operations, High impact to project
operations, causing with potential to delay operations,
delays of a few days to a project by a month or with potential to cause
Operational few weeks more project failure
Low impact to employee Medium impact to High impact to employee
attrition, with 5%+ of employee attrition, with attrition, with 50%+
employees quitting 25%+ of employees employees quitting
People quitting
Inherent Risk
Impact
Low Medium High
High Medium High High
Probability Medium Low Medium High
Low Low Low Medium