Purpose: Provide an overarching framework to manage risks for projects or operations.
| Section | Details |
|---------------------------|-----------------------------------------------------------------------------|
| Project/Process Name: | [Insert name of project, e.g., "Website Redesign Project"] |
| Plan Owner: | [Name of the person/team responsible for managing the risk plan] |
| Date Created: | [Insert date] |
| Objective of Plan: | [E.g., "To identify and mitigate risks associated with the project."] |
| Risk Identification: | | Risk Description | Category | Owner | |
| | | Server downtime | IT Infrastructure | IT Manager | |
| | | Supply chain delays | Operations | Procurement Team | |
| Risk Assessment: | | Risk | Likelihood (1-5) | Impact (1-5) | Risk Score | |
| | | Server downtime | 4 | 5 | 20 | |
| Mitigation Plan: | | Risk | Mitigation Actions | Owner | Timeline | |
| | | Server downtime | Implement cloud backups | IT Manager | 1 month | |
| Monitoring and Review:| [E.g., "Weekly progress updates and monthly risk review meetings."] |
| Approval: | [Name and signature of approver] |
Purpose: Manage IT-related risks, such as cybersecurity threats, data breaches, and system failures.
| Section | Details |
|---------------------------|-----------------------------------------------------------------------------|
| Project/System Name: | [Insert system name, e.g., "CRM Implementation"] |
| Plan Owner: | [Insert name, e.g., IT Director] |
| Risks Identified: | | Risk Description | Likelihood | Impact | Owner | |
| | | Data breach | 4 | 5 | Cybersecurity Lead | |
| | | Hardware failure | 3 | 4 | IT Operations Team | |
| Mitigation Strategies:| | Risk | Mitigation Action | Resources Required | Timeline | |
| | | Data breach | Install firewalls, conduct security training | Budget for tools | 2 months | |
| | | Hardware failure | Set up redundant systems | Additional servers | 1 month | |
| Monitoring Plan: | [E.g., Continuous monitoring using security tools, monthly system audits.]|
| Contingency Plan: | [E.g., "Activate data recovery protocol within 24 hours of a breach."] |
| Approval and Review: | [Insert approver name, review date, and frequency of updates.] |
Purpose: Address risks related to construction projects, including safety, delays, and resource availability.
| Section | Details |
|---------------------------|-----------------------------------------------------------------------------|
| Project Name: | [Insert name of construction project] |
| Plan Owner: | [Project Manager’s name] |
| Risks Identified: | | Risk | Likelihood | Impact | Category | |
| | | Material shortages | 3 | 4 | Supply Chain | |
| | | Safety violations | 2 | 5 | Worker Safety | |
| Risk Analysis: | | Risk | Score (LxI) | Priority | |
| | | Material shortages | 12 | High | |
| | | Safety violations | 10 | Medium | |
| Mitigation Actions: | | Risk | Mitigation Strategy | Owner | Timeline | |
| | | Material shortages | Diversify suppliers | Procurement Lead | 2 weeks | |
| | | Safety violations | Conduct safety training | Safety Officer | Ongoing | |
| Review and Monitoring:| [Weekly progress reports and monthly safety audits.] |
| Emergency Protocols: | [E.g., Evacuation plan and first-aid resources in case of accidents.] |
Purpose: Manage risks related to cash flow, investments, and financial stability.
| Section | Details |
|---------------------------|-----------------------------------------------------------------------------|
| Plan Owner: | [CFO or Finance Manager’s name] |
| Risk Categories: | - Cash flow risk
- Investment risk
- Fraud risk |
| Risk Identification: | | Risk | Likelihood | Impact | Owner | |
| | | Revenue shortfall | 3 | 4 | Finance Team | |
| | | Market volatility | 4 | 5 | Investment Analyst | |
| Mitigation Actions: | | Risk | Strategy | Resources Needed | Timeline | |
| | | Revenue shortfall | Cut non-essential expenses | Budget review team | 1 month | |
| | | Market volatility | Diversify portfolio | Investment Team | Ongoing | |
| Monitoring Plan: | [E.g., Quarterly financial health reviews and daily cash flow tracking.] |
| Escalation Plan: | [Steps to follow in case risks materialize, such as emergency loans.] |
Purpose: Manage risks affecting daily operations, such as equipment failures or workforce disruptions.
| Section | Details |
|---------------------------|-----------------------------------------------------------------------------|
| Department: | [Insert department name, e.g., Manufacturing] |
| Plan Owner: | [Operations Manager] |
| Risks Identified: | | Risk | Likelihood | Impact | Owner | |
| | | Equipment breakdown | 4 | 5 | Maintenance Team | |
| | | Staff absenteeism | 3 | 3 | HR Team | |
| Mitigation Plan: | | Risk | Strategy | Owner | Timeline | |
| | | Equipment breakdown | Schedule preventive maintenance | Maintenance Lead | Monthly | |
| | | Staff absenteeism | Cross-train employees | HR Manager | Ongoing | |
| Monitoring Tools: | - Maintenance logs
- Attendance tracking software |
| Contingency Plan: | [E.g., Use external contractors during equipment failure.] |
Purpose: Address risks for planned events, such as conferences, workshops, or public gatherings.
| Section | Details |
|---------------------------|-----------------------------------------------------------------------------|
| Event Name: | [Insert event name, e.g., "Annual Leadership Summit"] |
| Event Date: | [Insert date] |
| Risks Identified: | | Risk | Likelihood | Impact | Owner | |
| | | Vendor cancellations | 3 | 5 | Event Coordinator | |
| | | Low attendance | 2 | 4 | Marketing Team | |
| Mitigation Actions: | | Risk | Strategy | Owner | Timeline | |
| | | Vendor cancellations | Have backup vendors in place | Procurement Lead | 2 weeks | |
| | | Low attendance | Launch aggressive marketing campaign | Marketing Team | 1 month | |
| Emergency Protocols: | [E.g., Contact emergency services for onsite issues.] |
| Monitoring and Review:| [Daily updates from event teams, post-event debrief.] |
Purpose: Centralize and track all identified risks.
| Section | Details |
|---------------------------|---------------------------------------------------------------------------|
| Risk ID: | [Assign a unique ID for tracking, e.g., R001] |
| Risk Description: | [Briefly describe the risk, e.g., "Supply chain delays."] |
| Category: | [Operational, Financial, Strategic, etc.] |
| Likelihood (1-5): | [Insert value] |
| Impact (1-5): | [Insert value] |
| Risk Score: | ({Likelihood} * {Impact}) |
| Owner: | [Assign responsible person or team.] |
| Mitigation Plan: | [Summarize mitigation strategy, e.g., "Establish backup suppliers."] |
| Status: | [Open/Monitoring/Resolved] |