Operations & Training Risk Management Plan

Author: Odemale Endurance Created: Mar 1

Status: Draft / Final Updated: Oct 7

Objective:
The objective of this document is to clearly make available risk mitigation plan for office green
which is to help them determine risk associated with decision making to void the likelihood of it
occurrence in the future.

Executive Summary
In normal circumstances, one will expect to launch the Office Green services within six months.
This includes the launch of a new website and delivery plants to their esteemed customers.
Attached below are the risk identified in this project, and the proposed mitigation plan to ensure
the risk are addressed. Below is the key point for assessment
 Each delivery truck cost $16,000 more than initially quoted. Your estimates a 50%
chance this will risk occur. If it does, office green would pay $32,000 more than
anticipated for the delivery of two delivery trucks.
 A vendor charges higher rate than expected. Now you determine a 20% - 25% chance
this risk will occur. The budget Impact would be approximately $17, 000, etc.

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

Each delivery trucks will H Avoid: this risk should be avoided by sourcing
cost $16,000 more than the delivery trucks from a different supplier.
the initial proposed
quotation

A situation where a L Transfer: Find another supplier with more

 vendor now charge higher
than envisaged
A vendor having to lose
shipment of a product
RISK TYPE TWO: Falling behind the training schedule
Scenario
Your Training Manager gets L
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
Appendix:
Probability chart:
Qualitative
reasonable cost and flexible time
M Control: Engage with a supplier for the loss of
shipment, and seek alternative shipment from
another supplier for provision of temporary
application, or ship another one to meet the
production on-going currently.
Risk to Mitigation Plan
project
(L/M/H)
Avoid: This risk should be avoided by ensuring,
to ensure that training of employee goes
smoothly. To mitigate this risk, an assistant
manager or a second in command to the manager
must be aware of all activities so as to step in for
the training manager in case this risk occur.
M Likelihood: you have to ensure the number of
employees to do the job has been employed
before the training is scheduled to hold..
H Control. Ensure monitoring of the training
sessions to ensure they are delivered timely with
employee’s feedback been satisfactory through
hands on On-job processes.
Probability
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