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 the potential risks to Project Plant Pals launch and
plans to mitigate those risks.

Executive Summary
In normal circumstances, we would expect to launch the Plant Pals service by the end of the
year. This includes delivery of plants to customers, and hiring and training Office Green’s
employees. See below for risks to this project and the mitigation plan to address them.

RISK TYPE ONE: Going over the project budget

Scenario Risk to Mitigation Plan

project
(L/M/H)

Each delivery truck costs High Avoid – switch vendors and find a company
$16,000 more than initially that will be cheaper.
quoted

A product vendor charges Medium Control – agree on the cost at the beginning
a higher rate than of the project and make sure the contracts
expected are signed. Check in regularly with the
vendor to ensure no additional costs occur.

A product vendor loses a Low Accept – product shipment losses are not
product shipment uncommon so I would make sure there is
additional budget to cover this if it occurs.
RISK TYPE TWO: Falling behind the training schedule

Scenario Risk to Mitigation Plan

project
(L/M/H)

Your Training Manager Low Accept – accept as a possibility and ensure

gets sick and misses a there is another employee who can replace
week of training the training manager.

You cannot hire enough High Control – monitor the situation and make
employees in time to train sure to include this risk in the planning
them before launch phase and include extra time for the project
completion in case it comes to this.

More than 50% of Medium Transfer – use hiring agencies services to

employees quit after a find potential candidates.
difficult training process,
leaving the company
short-staffed

Appendix:
Probability chart:

Probability
Qualitative Quantitative (if measurable)

Less than <10% chance of risk

Low Very low chance of risk occurring.
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
Financial $0-$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