Operations & Training Risk Management Plan

Author: Project Manager Created: Mar 1

Status: Draft / Final Updated: Mar 31

Objective
The objective of this document is identify potential risks before they happen, or in the case of
opportunities to try to leverage them to caouse the occur,

Executive Summary
provides a high-level overview of the project itself, the scope, and the overall approach in
developing the risk management plan. This tells the stakeholder(s) what to expect when
reviewing the plan and helps set their expectations

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

Each delivery truck costs Low Transfering the risk. Get more quotation from
$16,000 more than initially various other vendors, compare, negotiate and
quoted finalize one who meets our budget need.

A product vendor charges a Medium

higher rate than expected
Transfer the
risk. Get more
 quotation from
various other
vendors,
compare,
negotiate and
finalize one who
meets our budget
need
Transfer the risk. Get more quotation from
various other vendors, compare, negotiate and
finalize one who meets our budget need

A product vendor loses a High Accept the risk. Ask vendor to arrange another
product shipment same product immediately, without delaying the
shipment

RISK TYPE TWO: Falling behind the training schedule

Scenario Risk to Mitigation Plan

project
(L/M/H)

Accept the
Your Training Manager gets Low
sick and misses a week of
training.

risk. Talk to
email with

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
training
manager to see, if
possible, to
conduct training
online, to avoid
not to miss
weekly training
schedule
Accept the risk. Talk to email with training
manager to see, if possible, to conduct training
online, to avoid not to miss weekly training
schedule
Medium Accept the risk. To utilize available trained
employees for the lunch.
High Transfer the risk. To recruit new employees to
avoid shortfall of staff and make training process
simpler & easier so that staff can enjoy the
process & working.
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