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    Operations & Training Risk Management Plan: Objective

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    Endurance
    This document outlines a risk management plan for Office Green's operations and training. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk scenario, it assesses the likelihood and potential impact, and proposes mitigation strategies such as finding alternative vendors or ensuring adequate staffing. The objective is to help Office Green determine risks and avoid or minimize their occurrence to support successful project launch.

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    Operations & Training Risk Management Plan: Objective

    Uploaded by

    Endurance
    319 views4 pages
    This document outlines a risk management plan for Office Green's operations and training. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk scenario, it assesses the likelihood and potential impact, and proposes mitigation strategies such as finding alternative vendors or ensuring adequate staffing. The objective is to help Office Green determine risks and avoid or minimize their occurrence to support successful project launch.

    Original Description:

    office Green project plan

    Original Title

    Office Green Project

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    This document outlines a risk management plan for Office Green's operations and training. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk scenario, it assesses the likelihood and potential impact, and proposes mitigation strategies such as finding alternative vendors or ensuring adequate staffing. The objective is to help Office Green determine risks and avoid or minimize their occurrence to support successful project launch.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    319 views4 pages

    Operations & Training Risk Management Plan: Objective

    Uploaded by

    Endurance
    This document outlines a risk management plan for Office Green's operations and training. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk scenario, it assesses the likelihood and potential impact, and proposes mitigation strategies such as finding alternative vendors or ensuring adequate staffing. The objective is to help Office Green determine risks and avoid or minimize their occurrence to support successful project launch.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    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 reasonable cost and flexible time
    than envisaged

    A vendor having to lose M Control: Engage with a supplier for the loss of
    shipment of a product 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 TYPE TWO: Falling behind the training schedule

    Scenario Risk to Mitigation Plan


    project
    (L/M/H)

    Your Training Manager gets L Avoid: This risk should be avoided by ensuring,
    sick and misses a week of to ensure that training of employee goes
    training
    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.

    You cannot hire enough M Likelihood: you have to ensure the number of
    employees in time to train employees to do the job has been employed
    them before launch before the training is scheduled to hold..

    More than 50% of H Control. Ensure monitoring of the training


    employees quit after a sessions to ensure they are delivered timely with
    difficult training process, employee’s feedback been satisfactory through
    leaving the company short- hands on On-job processes.
    staffed

    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 Medium High
    Low financial impact, Medium financial impact, High financial impact,
    costing the company $0- costing the company costing the company
    Financial $14,000 $15,000-$29,000 $30,000 or more
    Medium impact to project
    Low impact to project operations, High impact to project
    operations, causing with potential to delay operations,
    delays of a few days to a project by a month or with potential to cause
    Operational few weeks more project failure
    Low impact to employee Medium impact to High impact to employee
    attrition, with 5%+ of employee attrition, with attrition, with 50%+
    employees quitting 25%+ of employees employees quitting
    People quitting

    Probability and Impact Matrix:

    Inherent Risk
    Impact
    Low Medium High
    High Medium High High
    Probability Medium Low Medium High
    Low Low Low Medium

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