Operations & Training Risk Management Plan

Author: Jie Created: Mar 1

Status: Draft Updated: Mar 31

Objective
The objective of this document is to identify, assess and then mitigate potential risks for the
Plant Pals operations launch.

Executive Summary
The operation launch will make sure the plant pal project smoothly goes to action, within the set
budget and resources, and the delivery as well as training are done once it starts to operate.
There are currently two potential risks: 1: the project go over the budget; 2:the training schedule
is not followed or complete.
Below are the details:

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

A product vendor loses a L Control: Strictly follow the shipment process, and
product shipment provide support to make sure the shipment meet
the requirement.

product vendor charges a M Avoid: Fix up the contract prior to the launch;
higher rate than expected look for back up vendors

Each delivery truck costs H Accept or transfer: Add up budgets and add up
$16,000 more than initially the product price.
quoted
RISK TYPE TWO: Falling behind the training schedule

Scenario Risk to Mitigation Plan

project
(L/M/H)

More than 50% of
employees quit after a
difficult training process,
leaving the company short-
staffed
L Control: Give the employees who could stay
special incentives; design the training and make
it more welcoming and encouraging

Your Training Manager gets L Avoid: Find the training manager a back up;
sick and misses a week of prepare the training in advance and deliver the
training instruction to the HR team

You cannot hire enough M Avoid and control: Increase hiring resources, ask
employees in time to train the external hiring support
them before launch

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