Risk Management Sample
Asian Restaurant Project
December 1
2012
Project Risk management Plan for the Asian restaurant operation.
Contents
RM Methodology: Open an Asian restaurant. 1
Role and Responsibilities: 1
Budget: 2
Timing: 2
Risk Categories 2
Definitions of risk probability and impact. 3
Outcome : Risk management Plan. 5
RM Methodology: Open an Asian restaurant.
Resource of data and information:
- Approach: surveys, quantitative, questionnaire , brainstorming, etc…
- Data: internet, financial news and magazine, collected information from competitors,…
Role and Responsibilities:
Project Manager: The overall coordinator of the Risk Management Program. • Maintaining this Risk Management Plan
• Maintaining the Risk Management Data Base and distributing updates
• Briefing the team on the status of risks
• Tracking efforts to reduce moderate and high risk to acceptable levels
• Providing risk management training
• Facilitating risk assessments and • Preparing risk briefings, reports, and documents required for Project Reviews
Project Team: Responsible for identifying, monitoring and managing risks • Coordinate with SMEs to review and recommend to the Project Manager changes on the overall risk management approach based on lessons learned.
• Quarterly, or as directed, participate in the update to project risk assessments made during the previous review period.
• Review and recommend any changes to the risk assessments made and the risk mitigation plans proposed.
• Report new risks to the Project Manager via e-mail
• Ensure that risk is a required topic at each Project Meeting
• Accomplish assigned mitigation tasks and report status/completion of mitigation actions to the Project Manager for entry into the database.
Subject Matter Experts (SMEs): Responsible for implementing risk management tasks per this plan. • Review and recommend to the Project Manager changes on the overall risk
December 1
2012
Project Risk management Plan for the Asian restaurant operation.
Contents
RM Methodology: Open an Asian restaurant. 1
Role and Responsibilities: 1
Budget: 2
Timing: 2
Risk Categories 2
Definitions of risk probability and impact. 3
Outcome : Risk management Plan. 5
RM Methodology: Open an Asian restaurant.
Resource of data and information:
- Approach: surveys, quantitative, questionnaire , brainstorming, etc…
- Data: internet, financial news and magazine, collected information from competitors,…
Role and Responsibilities:
Project Manager: The overall coordinator of the Risk Management Program. • Maintaining this Risk Management Plan
• Maintaining the Risk Management Data Base and distributing updates
• Briefing the team on the status of risks
• Tracking efforts to reduce moderate and high risk to acceptable levels
• Providing risk management training
• Facilitating risk assessments and • Preparing risk briefings, reports, and documents required for Project Reviews
Project Team: Responsible for identifying, monitoring and managing risks • Coordinate with SMEs to review and recommend to the Project Manager changes on the overall risk management approach based on lessons learned.
• Quarterly, or as directed, participate in the update to project risk assessments made during the previous review period.
• Review and recommend any changes to the risk assessments made and the risk mitigation plans proposed.
• Report new risks to the Project Manager via e-mail
• Ensure that risk is a required topic at each Project Meeting
• Accomplish assigned mitigation tasks and report status/completion of mitigation actions to the Project Manager for entry into the database.
Subject Matter Experts (SMEs): Responsible for implementing risk management tasks per this plan. • Review and recommend to the Project Manager changes on the overall risk