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Operations & Training Risk Management Plan

Author: Abdul Rehman Created: Mar 1

Status: Final Updated: Mar 31

Objective
The objective of this document is to help office green determine what the risks are in order to
reduce their likelihood and provider a mean for better decision-making to avoid future risk.

Executive Summary
In Normal circumstances we would expect to launch the plant pals service within sic months.
This includes the launch of a new website and delivery of plants to customer. Below are the risk
to this project and the mitigation plan to address them

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

Each delivery truck costs H This risk can be avoided by sourcing the delivery
$16,000 more than initially trucks from a cheaper supplier.
quoted

A vendor charges a higher L Finding another supplier with a much more

rate than expected reasonable rate.

A vendor loses a product M Ship another shipment to meet current

shipment production needs while reworking the lost
shipment with the supplier

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RISK TYPE TWO: Falling behind the training schedule

Scenario Risk to Mitigation Plan

project
(L/M/H)

Your training manager
falls sick and misses a
week training
M Avoid: Stick to the pre-planned action plan from training manager.
Besides cooperate with other trainers to monitor and supervise
the trainings on behalf of the manager 

You cannot hire employee L Transfer: use existing human resources to

on time to train them temporarily train products or services before new
before launch employees are hired. After having new
employee, you can combine practical training
and theoretical training

More than 50% of
employees quit after
difficult in training
process leaving the
company short staffed
H Dig deep into the reasons for leaving, find an
alternative to difficult training programs. In
addition, it is necessary to re-system the training
method so that newly recruited employees can
feel comfortable when applying it to work

Appendix:
Probability chart:

Probability
Qualitative Quantitative (if measurable)

Low Very low chance of risk occurring. Less than <10% chance of risk occurring.

Medium Medium chance of risk occurring. 10%-49% chance of risk occurring.

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High High chance of risk occurring. 50%-100% chance of risk occurring.

Impact chart:

Types of
Impact Low
Low financial impact,
costing the company $0-
Financial $14,000
Low impact to project
operations, causing
delays of a few days to a
Operational few weeks
Low impact to employee
attrition, with 5%+ of
employees quitting
People
Medium High
Medium financial impact, High financial impact,
costing the company costing the company
$15,000-$29,000 $30,000 or more
Medium impact to project
operations, High impact to project
with potential to delay operations,
project by a month or with potential to cause
more project failure
Medium impact to High impact to employee
employee attrition, with attrition, with 50%+
25%+ of employees employees quitting
quitting

Probability and Impact Matrix:

Inherent Risk
Impact
Low Medium High
High Medium High High
Probability Medium Low Medium High
Low Low Low Medium

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