Operations & Training Risk Management Plan

Author: Project Manager Created: Mar 1

Status: Draft / Final Updated: Mar 31

Objective
The purpose of risk management is to identify potential problems before they occur, or, in the
case of opportunities, to try to leverage them to cause them to occur. Risk-handling activities
may be invoked throughout the life of the project.
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.

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

Each delivery truck costs Low Transfer the risk. Get more quotation from
$16,000 more than various other vendors, compare, negotiate and
initiallyquoted finalize one who meets our budget need

A product vendor Medium Transfer the risk. Get more quotation from
chargesa higher rate than various other vendors, compare, negotiate and
expected finalize one who meets our budget need

A product vendor loses a High Accept the risk. Ask vendor to arrange another
product shipment 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 Training Manager Low Accept the risk. Talk to email with training
gets sick and misses a manager to see, if possible, to conduct training
week of 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
employees quit after a
difficult training process,
leaving the company
short-staffed
High Transfer the risk. To recruit new employees to
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
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