Professional Documents
Culture Documents
Objective
Executive Summary
Provides a high-level overview of the project itself, the scope, and the overall approach in
developing the risk management plan. This tells the stakeholder(s) what to expect when
reviewing the plan and helps set their expectations.
Shipping risk Low Transfer the risk. Find more carriers, more
suitable for shipping costs
High production costs Medium Transfer the risk .Find more suppliers to
compare to make a decision
Training costs more difficult High Transfer the risk. Intensive training, creating a
initially chain of instructions among the working class
Your Training 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.
You cannot hire enough Medium Accept the risk. To utilize available trained
employees in time to train employees for the lunch.
them before launch
More than 50% of High Transfer the risk. To recruit new employees to
employees quit after a avoid shortfall of staff and make training process
difficult training process, simpler & easier so that staff can enjoy the
leaving the company short- process & working
staffed.
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