Operations & Training Risk Management Plan

Author: Project Manager Created: Mar 1

Status: Draft Updated: Mar 31

Objective
The objective of this document is to record and highlight the risks and mitagation plan for the
Office Green project for the operations and training milestone to be achieved.

Executive Summary
[In normal circumstances we would like to launch the operations and Training program by the
end of the year. The launch includes completing the Operations Milestone and Training
Milestone. Please find the below Risk encountered and the associated Mitagation plan.]

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

Each delivery truck costs High Reduce or control

$16,000 more than initially Search of another Vendor with lesser costs and
quoted bear the impact of delay.
Cater of additional budget

A product vendor charges a Medium Accept

higher rate than expected Set aside Budget

A product vendor loses a Low Avoid

product shipment Source for different product Vendors
RISK TYPE TWO: Falling behind the training schedule

Scenario Risk to Mitigation Pla.

project
(L/M/H)

Your Training Manager gets Low Accept

sick and misses a week of Bring notice to all stakeholder.
training Find ways to reduce this risk by optimizing this
delay in another activities

You cannot hire enough Medium Transfer/Avoid

employees in time to train Start hiring process before /1 month launch plan
them before launch Procure other vendor quotes and plan for
Budget

More than 50% of Medium Transfer

employees quit after a Bring other recruting agencies for training.
difficult training process, Make trainng module user friendly
leaving the company short-
staffed

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