Operations & Training Risk Management Plan

Author: Abdishakur . Created: July 8

Status: Draft Updated: August 31

Objective
This document's goal is to assist Office Green in identifying risks in order to lessen their
possibility. and give a tool for better decision-making in order to prevent risk in the future.
Executive Summary
We would anticipate launching the Plant Pals service in six months under normal circumstances.
This comprises the opening of a new website and the shipment of plants to clients. The project's
risks are listed below, along with a plan to mitigate them.

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

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

A vendor charges a higher
rate than expected
M Transfer -Sharing this risk with a third party
vendor who distributes similar products with the
same qualities is the safest bet to offset the high
charge

A product vendor loses a L Accept- This risk can be avoided by sourcing the
product shipment.
delivery trucks from a different supplier

RISK TYPE TWO: Falling behind the training schedule

 Scenario Risk to Mitigation Plan
project
(L/M/H)

Your Training Manager gets 50% Reduce and control

sick and misses a week of
training.

You cannot hire enough 10% Avoid

employees in time to train
them before launch.

More than 50% of 70% Accept

employees quit after a
difficult training process,
leaving the company short-
staffed.

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.

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 low High High
Probability Medium High Medium Medium
Low High Low Medium