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    Operations & Training Risk Management Plan: Objective

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    rajverma10in2002
    This risk management plan outlines two main risks to Office Green's new Plant Pals service launch: going over budget and falling behind the training schedule. It details specific scenarios for each risk, assigns a likelihood and impact rating, and proposes mitigation plans. The appendix defines the probability and impact scales used to rate the risks.

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    Operations & Training Risk Management Plan: Objective

    Uploaded by

    rajverma10in2002
    5K views4 pages
    This risk management plan outlines two main risks to Office Green's new Plant Pals service launch: going over budget and falling behind the training schedule. It details specific scenarios for each risk, assigns a likelihood and impact rating, and proposes mitigation plans. The appendix defines the probability and impact scales used to rate the risks.

    Original Title

    RISK MANAGEMENT PLAN

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    This risk management plan outlines two main risks to Office Green's new Plant Pals service launch: going over budget and falling behind the training schedule. It details specific scenarios for each risk, assigns a likelihood and impact rating, and proposes mitigation plans. The appendix defines the probability and impact scales used to rate the risks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5K views4 pages

    Operations & Training Risk Management Plan: Objective

    Uploaded by

    rajverma10in2002
    This risk management plan outlines two main risks to Office Green's new Plant Pals service launch: going over budget and falling behind the training schedule. It details specific scenarios for each risk, assigns a likelihood and impact rating, and proposes mitigation plans. The appendix defines the probability and impact scales used to rate the risks.

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    © All Rights Reserved
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    At a glance
    Powered by AI
    The key takeaways are that the risk management plan identifies budget overruns, delays in training, and employee attrition as risks to the project launch and provides mitigation strategies to address each risk.

    The risks identified in the risk management plan are going over budget, falling behind the training schedule, and losing product shipments.

    The risk management plan categorizes risks by type, likelihood of occurring (low, medium, high), and potential impact (financial, operational, people).

    Operations & Training Risk Management Plan

    Author: MARIA AKELLO 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 mean for better decision-making to avoid future risks.

    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. Below are the
    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 H This risk can be avoided by sourcing the delivery
    $16,000 more than initially trucks from a cheaper supplier.
    quoted.

    A vendor charges a higher L Finding another supplier with a much more


    rate than expected reasonable rate.

    A vendor loses a product M Ship another shipment to meet current


    shipment production needs while reworking the lost
    shipment with the supplier.
    RISK TYPE TWO: Falling behind the training schedule

    Scenario Risk to Mitigation Plan


    project
    (L/M/H)

    Your training Manager M Stick to the pre-planned plan from the Training
    gets sick and misses a Manager. Also, may cooperate with other
    week of training. trainers to monitor and supervise training on
    behalf of the Training Manager.

    You cannot hire L Use existing staff to temporarily train products or


    employees in time to train services before new employees are hired. After
    them before launch. having new employees, you may combine
    practical and theoretical training together with
    the existing staff.

    More than 50% of L Go deeper into finding the reasons for the
    employees quit after a leaving employees, find an alternative to harsh
    difficult training process, training programs and try to convince them to
    leaving the company come back to work.
    short-staffed. It’s also a good plus if the systems are eased up
    at the training methods so that newly recruited
    employees can approach and feel comfortable
    when applying using them 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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