Operations & Training Risk Management Plan

Author: Project Manager Created: Mar 1

Status: Draft / Final Updated: Mar 31

Objective
The objective of this document is to visualize and plan ahead any possible contingency
toreduce, avoid, transfer or accept any risk that could affect the Plant Pals operations launch.

Executive Summary
This project will take 3 months to be completed and its main milestones are: develop and
launchan employee training program andselect and acquire supply chain equipment, however
we areexpecting some budgetary and staff risks, during the project development.

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

Each delivery truck low Find a new vendor to reduce the cost for
costs$16,000 more than gettingthe new delivery trucks
initiallyquoted

A product vendor medium Find a new vendor to reduce the cost

chargesa higher rate
thanexpected

A product vendor loses high Find a new vendor to supply the lost.
aproduct 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)

A product vendor loses a product

Low Less than <10% chance of risk occurring.
shipment.

The budget impact would be

Medium 10%-49% chance of risk occurring.
approximately $17,000.

Office Green would pay $32,000 more

High than expected for their two delivery 50%-100% chance of risk occurring.
trucks
Impact chart:

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

Probability and Impact Matrix:

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