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    Activity Template - Risk Management Plan

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    Bahaa sch
    This document outlines risks and mitigation plans for an operations and training project. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk scenario, it rates the likelihood and impact, and proposes actions to reduce, accept, or avoid the risks. The objective is to proactively address potential issues in order to keep the project on track.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Activity Template - Risk Management Plan

    Uploaded by

    Bahaa sch
    13 views4 pages
    This document outlines risks and mitigation plans for an operations and training project. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk scenario, it rates the likelihood and impact, and proposes actions to reduce, accept, or avoid the risks. The objective is to proactively address potential issues in order to keep the project on track.

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    Activity Template_ Risk management plan

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    This document outlines risks and mitigation plans for an operations and training project. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk scenario, it rates the likelihood and impact, and proposes actions to reduce, accept, or avoid the risks. The objective is to proactively address potential issues in order to keep the project on track.

    Copyright:

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

    Activity Template - Risk Management Plan

    Uploaded by

    Bahaa sch
    This document outlines risks and mitigation plans for an operations and training project. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk scenario, it rates the likelihood and impact, and proposes actions to reduce, accept, or avoid the risks. The objective is to proactively address potential issues in order to keep the project on track.

    Copyright:

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

    Operations & Training Risk Management Plan

    Author: Dan kost Created: Mar 1


    Status: Final Updated: Mar 31

    Objective
    The objective of this document is to identify the potential risks and how to deal with them.

    Executive Summary
    [Detail the length of the project, project milestones, and introduce potential risks here.]

    RISK TYPE ONE: Going over the project budget

    Scenario Risk to Mitigation Plan


    project
    (L/M/H)

    Each delivery truck


    costs
    $16,000 more than H Avoid. Switch to other vendors.
    initially
    quoted

    A product vendor
    charges a Reduce or control. Negotiate with the
    higher rate than M vendors or
    expected. switch to other vendors
    A product vendor loses Accept. Monitor the situation and figure out
    a L the
    product shipment. solution if it happens too often

    RISK TYPE TWO: Falling behind the training schedule

    Scenario Risk to Mitigation Plan


    project
    (L/M/H)

    Your Training Manager


    gets Accept. Make alternative training programs
    sick and misses a week L as a
    of backup.
    training.

    You cannot hire enough


    employees in time to Accept. Monitor the situation and tell the
    train H clients to
    them before launch. wait for us.

    More than 50% of


    employees quit after a
    difficult training Reduce or control. Try to increase the salary
    process, and
    M
    leaving the company bonus.
    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 Medium High
    Low financial impact, Medium financial impact, High financial impact,
    costing the company costing the company costing the company
    Financial $0-$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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