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Operations & Training Risk Management Plan: Objective

This document outlines risks and mitigation plans for a project to launch a new plant delivery service. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk, it lists scenarios, assesses the risk level, and proposes mitigation plans to avoid, transfer, or control the risks. Charts in an appendix further define probability and impact levels to determine inherent risk. The overall objective is to help the company identify risks to reduce their likelihood and support better decision making.

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12K views

Operations & Training Risk Management Plan: Objective

This document outlines risks and mitigation plans for a project to launch a new plant delivery service. It identifies two main risk types: going over budget and falling behind the training schedule. For each risk, it lists scenarios, assesses the risk level, and proposes mitigation plans to avoid, transfer, or control the risks. Charts in an appendix further define probability and impact levels to determine inherent risk. The overall objective is to help the company identify risks to reduce their likelihood and support better decision making.

Uploaded by

trung thành trần
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Operations & Training Risk Management Plan

Author: Project Manager Created: Mar 1


Status: Final Updated: Mar 31

Objective
The objective of this document is to help Office Green determine what the risks are in order to
reduce their likelihood and provide a means for better decision-making in order to avoid future
risk

Executive Summary
In normal circumstances we would expect to launch the Plant Pals service within six months.
This includes the launch of a new website and delivery of plants to customers. See below for risk
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 H Avoid: this risk can be avoided by sourcing the
$16,000 more than initially delivery trucks from a different supplier
quoted

A vendor charges a higher L transfer: find another supplier with more


rate than expected. reasonable cost and flexible time

A vendor loses a product M Rework with a Supplier for a lost shipment, seek
shipment another shipment from another supplier that
provides a temporary application, or ship
another shipment to meet current production
needs.
RISK TYPE TWO: Falling behind the training schedule

Scenario Risk to Mitigation Plan


project
(L/M/H)

Your Training Manager M Avoid: Stick to the pre-planned action plan from
gets sick and misses a the Training manager. Besides, cooperate with
week of training. other trainers to monitor and supervise training
plans on behalf of the manager

You cannot hire L Transfer: Use existing human resources to


employees in time to train temporarily train products or services before new
them before launch employees are hired. After having a new
employee, you can combine practical training,
theoretical training and the same current human
resources to be able to combine training.

More than 50% of H Dig deep into the reasons for leaving current
employees quit after a employees, find an alternative to harsh training
difficult training process, programs, and convince them to return to work.
leaving the company In addition, it is necessary to re-system at the
short-staffed. training method so that newly recruited
employees can approach and feel comfortable
when applying it to work.

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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