SampleRisk/Mitigation Plan

[Date]

Note: XYZ Company is a fictitious company name.

2

Risk Management – Areas of Focus

• Operations Spec

• Training

• Staffing

• Vendor Operations

• Process

• Testing

• Action Items

3

Project XYZ Risk Matrix

WATCH FORUNEXPECTED CHANGES MITIGATION PLAN REQUIRD

ACTIONS TAKENNO PLAN REQUIRED ACTION PLANS IN PLACE

Deg

ree

of

Imp

act

on

th

e P

roje

ct

High

Low

Probability of OccurringLow High

Risk Key

ProcessP1 Process changes – little time

P2 Process for additional kits

Operations Spec

OS1 Ops Spec late release

OS2 Accuracy of call estimates in OS

TrainingT1 Training materials ready

T2 Training material translation

StaffingS1 Unexpected turnover

S2 Unexpected high volumes

Testing

U1 UAT testing impacts current ops.

U2 Upgrade kits

U3 Testing plan requires more than we anticipate

P1P1

OS1OS1

T1T1

S2S2

S1S1

U2U2

U1U1

Actions are being taken to mitigate risks, prioritized based on probability and degree of impact on the project

Actions are being taken to mitigate risks, prioritized based on probability and degree of impact on the project

P2P2

T2T2

U3U3

OS2OS2

4

Op Spec

Status:

• Text here

Potential Risks:

• Text here

Plans to Mitigate Risks:

• Text here

5

Training

Status:

• Text here

Assumptions:

• Text here

Risk Assessment:

• Text here

6

Staffing

Status:

• Text here

Potential Risks:

• Text here

Plans to Mitigate Risks:

• Text here

7

Processes

Status:• Text here

Potential Risk:• Text here

Plans to Mitigate Risk:• Text here

Other Plan Considerations:

• Text here

8

Testing

Assumption:

• Text here

Potential Risks:

• Text here

Plans to Mitigate Risks:• Text here

9

Action Items as of [Date]

Area Action Item Owner Due Date