Sample

Risk/Mitigation Plan
[Date]

Note: XYZ Company is a fictitious company name.

Risk Management – Areas of Focus

• Operations Spec

• Training

• Staffing

• Vendor Operations

• Process

• Testing

• Action Items

2
Project XYZ Risk Matrix
Actions are being taken to mitigate risks, prioritized based on
probability and degree of impact on the project
Risk Key
High
Process P1 Process changes – little time

P2 Process for additional kits

Degree of Impact on the Project

Operations OS1 Ops Spec late release

Spec
U3
U3
OS2 Accuracy of call estimates in OS
T1
T1
WATCH FOR Training T1 Training materials ready
UNEXPECTED CHANGES U2MITIGATION PLAN REQUIRD
U2
P2
P2 T2 Training material translation

Staffing S1 Unexpected turnover

OS2
OS2 OS1
OS1 S2 Unexpected high volumes
S2
S2
T2
T2 Testing U1 UAT testing impacts current ops.
U1
U1
U2 Upgrade kits
P1
P1
S1
S1 U3 Testing plan requires more than we
anticipate

ACTIONS TAKEN
NO PLAN REQUIRED ACTION PLANS IN PLACE

Low

Low Probability of Occurring High

3
Op Spec
Status:
• Text here

Potential Risks:
• Text here

Plans to Mitigate Risks:

• Text here

4
Training

Status:
• Text here

Assumptions:
• Text here

Risk Assessment:
• Text here

5
Staffing

Status:
• Text here

Potential Risks:
• Text here

Plans to Mitigate Risks:

• Text here

6
Processes

Status:
• Text here

Potential Risk:
• Text here

Plans to Mitigate Risk:

• Text here

Other Plan Considerations:

• Text here

7
Testing

Assumption:
• Text here
Potential Risks:
• Text here
Plans to Mitigate Risks:
• Text here

8
Action Items as of [Date]

Area Action Item Owner Due Date