Each delivery truck costs

$16,000 more than initially

quoted.

Operations & Training Risk Management Plan

Author: Project Manager Created: Mar 1

Status: Draft / Final Updated: Mar 31

Objective
The purpose of this document is to identify potential risks for launching Plant Pals operations.

Executive Summary
As an Office Green project manager, I consult with my team members to identify potential risks
to Plant Pals operations. Based on this, we determined that there are two main risks that we
need to take into account: exceeding the budget of the training program.

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

A product vendor loses a L Accept

product shipment.
Each delivery truck costs
$16,000 more than initially
quoted.
 Each delivery truck costs M Reduce/Control – going over budget plans and
$16,000 more than initially limit spending, reduce cost
quoted.

A product vendor charges H Avoid - Find other vendors with similar products
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 L Accept

gets sick and misses a
week of training.

You can't hire enough M Reduce - Introduce training sections or make a

employees in time to train simple schedule.
them before launch.

More than 50% of L Transfer - this risk can be attributed to the risks
employees quit after in the first chart.
difficult training, resulting
in staff shortages.

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