Operations & Training Risk Management Plan

Author: Syed Zain Created: Mar 1

Status: Draft / Final Updated: Mar 31

Objective
The objective of this document is to visualize and plan ahead any possible contingency
to reduce,decrease, transfer or accept any risk that could affect the Plant Pals
operations launch

Executive Summary
This project will take 3 months to be completed and its main goals are:
develop and launch an employee training program and select and acquire supply chain
equipment, however we are expecting some budgetary and staff risks, during the project
development.

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

Each delivery truck Find a new vendor to reduce the cost for
costs getting the new delivery trucks
$8000 more than
initially
quoted

A product vendor Find a new vendor to reduce the cost

charges
 a higher rate than
expected

A product vendor Find a new vendor to supply the lost.

charges
a higher rate than
expected

RISK TYPE TWO: Falling behind the training schedule

Scenario Risk to Mitigation Plan

project
(L/M/H)

Your Training Manager LOW Hire a new Training Manager for two week
gets while our sick manager is recovering.
sick and misses 2
weeks of
training

You cannot hire enough MEDIUM Paying extra hours to those employees who
employees in time to passed, while we hire new ones to train.
train
them before launch

More than 50% of MEDIUM Paying extra hours to those employees who
employees quit after a passed, while we hire new ones to train
difficult training
process

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