Operations & Training Risk Management Plan
Author: Project Manager
Status: Draft / Final
Created: Jan 18
Updated: Jan 24
Objective
The objective of this document is to outline risks of project PlantPals operation launches and the
plans to mitigate those risks
Executive Summary
We are expecting to launch the project Plant Pals by the end of this year. This service includes
to launch a new website and a delivery of plants to clients.
The major risks are going over the budget and go behind the training schedule.
RISK TYPE ONE: Going over the project budget
Scenario
Risk to
project
(L/M/H)
Mitigation Plan
Each delivery trck costs
&16,000 more than initially
quoted
H
Communicate with stakeholders since they
might have prior experience planning for risks
and strategies to deal with this problem, and this
way we transfer the risk.
A product vendor charges a
higher rate than expected
M
Contact another vendor with lower rates.
Although is a medium risk. we can avoid this so
the financial impact will be minor.
A product vendor loses a
product shipment
L
Accept this risk and the possibility that this may
actually happen.
RISK TYPE TWO: Falling behind the training schedule
Scenario
Training Manager gets sick
and misses a week of
training.
You cannot hire enough
employees in time to train
them before launch.
More than 50% of employees
quit after a difficult training
process, leaving the
company short- staffed.
Risk to
project
(L/M/H)
Mitigation Plan
L
Accept this risk and the possibility that this may
actually happen with a delay of a few days.
M
Reduce or control the risk by having daily
meetings, to ensure that the number of
employees are enough before launch
L
Accept this risk and the possibility that this may
actually happen with 5%+ of employees Quitting
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
Financial
Low
Medium
Low financial impact,
costing the company
$0-$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
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,
with potential to delay
project by a month or
more
Medium impact to
employee attrition, with
25%+ of employees
quitting
High impact to project
operations,
with potential to cause
project failure
High impact to employee
attrition, with 50%+
employees quitting
Probability and Impact Matrix:
Inherent Risk
Impact
Low
Medium
High
Medium
High
High
Probability Medium
Low
Medium
High
Low
Low
Low
Medium
High