Risk Management Plan
List the risks, assess their severity and probability, and try to consider measures on how the most serious / probable risks could be prevented in advance. In addition, it would be good to have a plan of how to act if the risk materializes. Attach the following section here:
Record the risks to the project in the table below and maintain them as needed. Each risk is given a unique identifier, eg RIS007, as this facilitates their handling in different situations.
| RISK ID | Description | Severity | Responsible | Action |
|---|---|---|---|---|
| #1 | Team member gets the flu | 2 | Team member | Inform the team leader |
| #2 | Scope creep | 3 | Team Leader | Hold a meeting with stakeholders to reassess project scope and make necessary adjustments. |
| #3 | Key team member leaves the project | 2 | Team Leader | Assess the impact on the project, redistribute responsibilities, and consider recruitment or knowledge transfer if necessary. |
| #4 | Lack of sufficient testing or quality assurance | 1 | Tester | Review and improve testing processes, allocate dedicated resources for quality assurance, and conduct thorough testing at all stages. |
| #5 | Poor communication within the team | 3 | Team Leader | Promote open and transparent communication channels, encourage active listening, and address any communication gaps promptly. |
| #6 | Changes in project requirements or objectives | 2 | Team Leader | Conduct impact analysis, engage stakeholders for requirement clarification, and adjust project plans accordingly. |
| #7 | Inadequate expertise or skill gaps in the chosen technologies | 1 | Team Leader | Assess the skill requirements, provide training or external resources to bridge the skill gaps, and ensure continuous learning and improvement within the team. |
| #8 | Dependencies on deprecated or unsupported technologies | 2 | Team Leader | Monitor technology lifecycles, plan for necessary upgrades or migrations, and develop contingency plans in case of unexpected issues with deprecated technologies. |
| #9 | Stakeholder conflicts | 3 | Team Leader | Facilitate open communication, mediate conflicts, and involve higher management if necessary. |
| #10 | Insufficient resources or budget constraints | 3 | Team Leader | Reallocate resources, identify cost-saving measures, or negotiate for additional resources to meet project requirements. |
Severity descriptions
The severity class should be defined according the project
| Severity class | Description |
|---|---|
| 1 | Force Major - Total show stopper |
| 2 | Possible |
| 3 | No immediate affect, to be observed |