Operations & Training Risk Management Plan

Author: Project Manager Created: Mar 1

Status: Draft / Final Updated: Mar 31

Objective
The objective of this document is […]

Executive Summary
[Detail the length of the project, project milestones, and introduce potential risks here.]

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

Each delivery truck Low Transfer the risk

costs$16,000 more than Various other vendors, compare, negotiate and
initiallyquoted finalize one who meets our budget.

product
Medium Transfer the risk.
Get more quote from various other vendors,
compare, negotiate and finalize one who meets

vendor
our budget need.

charges
at a
 higher
rate than
expected
product
vendor
charges
at a
higher
rate than
expected
Aproduct vendor charges
at a higher rate than
expected

Aproduct vendor loses High Accept the risk.

aproduct shipment Ask vendor to arrange another same product
immediately, without delaying the shipment

RISK TYPE TWO: Falling behind the training schedule

Scenario Risk to Mitigation Plan

project
(L/M/H)

Your TRain Manager gets Low Accept the risk. Talk to email with training
sick and misses a week of manager to see, if possible, to conduct training
training online, to avoid not to miss weekly training
schedule
 Yyou cannot hire Medium Accept the risk. T or use available trained
enoughemployees in time employees for the lunch.
to trainthem before launch

More than 50%
ofemployees quit after
adifficult training
process,leaving the
companyshort-staffed
High Transfer the risk. Tor recruit new employees
avoid shortfall of staff and make training process
simpler & easier so that staff can enjoy the
process & working

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 Medium High

Financial Low financial impact, Medium financial impact, High financial impact,
 costing the company $0- costing the company costing the company
$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

Probability and Impact Matrix:

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