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    Activity Template - Risk Management Plan

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    supergoku518
    The Operations & Training Risk Management Plan identifies two main risk types: 1) Going over the operations budget and 2) Falling behind the training schedule. For each risk type, specific scenarios are outlined along with their potential impact and proposed mitigation plans. The objective is to anticipate possible risks concerning operations budgets and training schedules.

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    Activity Template - Risk Management Plan

    Uploaded by

    supergoku518
    10 views3 pages
    The Operations & Training Risk Management Plan identifies two main risk types: 1) Going over the operations budget and 2) Falling behind the training schedule. For each risk type, specific scenarios are outlined along with their potential impact and proposed mitigation plans. The objective is to anticipate possible risks concerning operations budgets and training schedules.

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    Activity Template_ Risk management plan

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    The Operations & Training Risk Management Plan identifies two main risk types: 1) Going over the operations budget and 2) Falling behind the training schedule. For each risk type, specific scenarios are outlined along with their potential impact and proposed mitigation plans. The objective is to anticipate possible risks concerning operations budgets and training schedules.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    10 views3 pages

    Activity Template - Risk Management Plan

    Uploaded by

    supergoku518
    The Operations & Training Risk Management Plan identifies two main risk types: 1) Going over the operations budget and 2) Falling behind the training schedule. For each risk type, specific scenarios are outlined along with their potential impact and proposed mitigation plans. The objective is to anticipate possible risks concerning operations budgets and training schedules.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Operations & Training Risk Management Plan

    Author: Project Manager Created: Sep 29


    Status: Draft Updated: Sep 29

    Objective
    The objective of this document is to put into perspective the possible risks concerning the
    operations and the employee training, specifically going over the operation budget and missing
    the set training schedule.

    Executive Summary
    Estimating Budget and Scheduling Risks, by preparing for changes in prices for vendors
    fulfillment and delivery trucks, as well as being prepared for cases in which the Vendor may lose
    the shipment itself. Furthermore, making sure that we are prepared in the case that the training
    manager gets sick, we cannot find enough employees to be trained before the launch date and
    making sure that we are prepared in case that 50% of the employees quit due to a hard training
    process.

    RISK TYPE ONE: Going over the project budget

    Scenario Risk to Mitigation Plan


    project
    (L/M/H)

    Each Delivery Truck Costs H Avoid - Find a more reliable truck vendor.
    16k More

    Vendor Costs Change M Reduce/Control - Try to get a new contract with


    the vendor in which a fixed price is stated/Look
    for alternatives in the meanwhile.
    Vendor Loses Shipment L Accept - The chance of it happening is very low,
    and is probably the same with other vendors.

    RISK TYPE TWO: Falling behind the training schedule

    Scenario Risk to Mitigation Plan


    project
    (L/M/H)

    Training Manager Gets L Accept - The risk and impact are both low, thus
    Sick we can accept this as a normal day-to-day
    situation.

    Cannot Hire Enough M Reduce/Control - Improve the hiring process,


    Employees For Training and start it earlier/prolong it.

    50% of Employees Quit M Reduce/Control - Although the chances of this


    Due to Difficult Training happening are very low, we could screen our
    employees better before training, to make sure
    we only put those capable of finishing into the
    actual training program.

    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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