Risk Management Plan

Risk Management Plan
Risk
ID Risk Risk Area Likeliho
od Impact Consequence Risk Ranking Risk Level
P001 Scope not
defined
properly
Operational Low High Project is not successful Medium High
P002
Project
requireme
nts not
clear to
team
members
Operational Low High Project is delayed Medium Medium
P003
Required
skills not
available
for the
project
Operational Low High Project execution is not
proper Medium High
P004
Experts
hired do
not
ensures
required
project
skills
Operational Medium High Project execution is not
proper High High
P005
Project
budget is
not proper
Financial Medium High Project execution is not
proper High High
P006
Stakeholde
rs not
satisfied
external
environme
ntal
Low High Project is delayed Medium Medium
P007 Team
members
work health
and safety
Low High Project is delayed and
budget increased
Medium Medium
Risk Management Plan Version 1.1 July 2019 Page 1 of 8

Risk Management Plan
are injured
P008 Project is
delayed Schedule Medium High budget increased high High
P009
Project is
not
completed
within
approved
budget
Financial Medium High Project is not successful High High
Legend:
Risk ID:
unique identification number to be assigned to each identified risk.
Risk:
potential risk associated with Perfect Coffee’s organisational change.
Risk Area:
Financial? work health and safety? commercial/market? Operational? Technology? Schedule? external
environmental?
Likelihood:
The probability of risk occurring.
Impact:
What is the level of impact if risk occurs?
Consequence:
What may happen if risk occurs.
Risk Ranking:
Likelihood x Impact.
Risk Level:
The level of risk based on likelihood, impact and consequence (Risk Ranking).
Risk Management Plan Version 1.1 July 2019 Page 2 of 8

Risk Management Plan
Ris
k
ID
Risk Risk Area
Risk
Ranki
ng
Root
Causes
Risk
Treatm
ent
Risk Control
Measures
Actions to be
Taken
Monitoring
Procedures
Respons
ible
Person
Timeli
ne
P00
1
Scope not
defined
properly
Operational Mediu
m
Project
requireme
nts not
analysed
in details
mitigate
risk
Project
requirements
need to analyse
in details
Risk analysis Project
leader 1 days
P00
2
Project
requireme
nts not
clear to
team
members
Operational Mediu
m
Lack of
team
coordinati
on
mitigate
risk
Team
coordination
needs to be
improved
Risk analysis Project
leader 2 days
P00
3
Required
skills not
available
for the
project
Operational Mediu
m
Skills
requireme
nts not
properly
analysed
mitigate
risk
Skills
requirements
need to be
properly
analysed
Risk analysis Project
leader 3 days
P00
4
Experts
hired do
not
ensures
required
project
skills
Operational High
Selection
process is
not proper
mitigate
risk
Reviewing skills
of the experts
hired before
involving them
into project
Risk evaluation HR
manager 1 days
P00
5
Project
budget is
not proper
Financial High Project
requireme
nts not
analysed
mitigate
risk
Project
requirements
need to be
analysed in
Risk evaluation Project
leader
1 days
Risk Management Plan Version 1.1 July 2019 Page 3 of 8