Operations & Training Risk Management Plan

Author: Project Manager Created: Mar 1

Status: Draft Updated: Mar 31

Objective
The objective of this document is to outline risks to Project Plant Pals operations launch 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 Mitigation Plan

project
(L/M/H)

Each delivery truck costs High Communicate with stakeholders since they
$16,000 more than initially might have prior experience planning
quoted. for similar risks and strategies to deal with this
problem, and this way we transfer the risk.

A product vendor charges Medium Contact another vendor with lower rates.
a higher rate than Although is a medium risk, we can avoid this
expected. so the financial impact will be minor.

A product vendor loses a Low Accept this risk and the possibility that this
product shipment. may actually happen.

RISK TYPE TWO: Falling behind the training schedule

 Scenario Risk to Mitigation Plan
project
(L/M/H)

Training Manager gets sick Low Accept this risk and the possibility that this
and misses a week of may actually happen with a delay of a few days.
training.

You cannot hire enough Medium Reduce or control the risk by having daily
employees in time to train meetings, to ensure that the number of
them before launch. employees are enough before launch.

More than 50% of
employees quit after a
difficult training process,
leaving the company short-
staffed.
Low 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 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