Risk Mitigation Plan PowerPoint Presentation Slide
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This document provides templates and examples for creating a risk management plan, including identifying risks, assessing risks, analyzing risks, developing risk response strategies, creating risk mitigation plans, and tracking risks. The templates include tables for a risk register, risk assessment scoring, risk analysis, risk response matrix, risk mitigation strategies, and risk control matrix. Examples are provided for how to populate each template to develop a comprehensive risk management plan.
Risk Mitigation Plan PowerPoint Presentation Slide
- 2. 2 Risk Response Plan06 Risk Assessment04 Risk Analysis05 Risk Management Plan01 Risk Identification02 Risk Register03 Risk Tracker11 Risk Mitigation Strategies07 Risk Mitigation Plan08 Risk Mitigation Chart09 Risk Control Chart10 Content
- 3. Risk Management Plan Type of Risk Outcome Existing risk treatment actions in place Rating Proposed risk treatment actions to mitigate risk Additional Resources Target Date Person Responsible Strategic Risk Performance Deterioration Proper Assessment Of Underlying Strategies 2 Detailed Understanding Of The Market Your Text Here 31/4/2018 John Smith Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here Your Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Below is the template to list down the plan to manage the types of risks expected by the company. 3
- 4. Risk Identification (1/2) This graph shows the likelihood and impact of risk on the company and the strategy which the company might opt to mange the risk. You can alter this as per your. 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 02 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 03 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 04 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Consequences Likelihood Transfer Terminate TreatTolerate 4
- 5. Risk Identification (2/2) Identify Risks Cost o Budget Exceeded o Unanticipated Expenditure Resources o Team is under-resourced o Materials shortage o Machinery unavailable o Industrial Action o Skills gap Environmental o Bad weather results in re-work o Weather delays progress o Adverse environmental effects occur o Environmental approvals not complied with Scope o Scope creep o Scope poorly defined o Project changes poorly managed Communication o Poor communication (Stakeholder dissatisfaction) o Positive & timely communications (positive publicity) Time o Schedule overruns o Tasks omitted from Schedule o Opportunity to compress Schedule This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This is another way of identifying the types of risk associated with a project basis different types of factors like cost, time, resources etc. You can list down the risk associated with all/ some of these factors as per your requirements. 5
- 6. Risk Identification- Example How Long Can You Do Without? Impact of Doing Without? Vulnerabilities? Contingency in case of a disaster? Equipment (IT only) 5 days After five days no way to schedule production or track orders No UPS/ generator., MD hardware, SPOF SME Use paper reports for 5 days then go manual for as many members as possible Facility 0 days No production, potential for bankruptcy, IT non- existent Metal building, flood zone, poor maintenance, no perimeter security , door lock broken Look for warehouse space, attempt to salvage equipment and restart operation, file bankruptcy Personnel 0 days Degraded operations, low service levels Too many SPOF Best effort shifting of available staff, temps Raw Materials 30 days before new deliveries None until on hard exhausted Single supplier relationship Search for alternatives supplier Transportation System 30 days in 2 days out No suppliers No deliveries Location, design of entrance None Utilities 0 hours/power 0 hours/water Extrusion shuts down, lines cleaned, waste collected and prepared for grinder, IT non-existent Single power feed, no generator or backup water supply None Vendors (Sourcing) 4 hours No call center Mercy of vendor Being in-house This slide is 100% editable. Adapt it to your needs and capture your audience's attention. We have given an example of identifying risk in the below table, you can alter the fields as per your needs. 6
- 7. Risk Register Type of Risk Description of Risk Probability Impact Risk Reduction Strategy Contingency plans Risk Owner H M L Perf. Cost Time Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Maintain a risk register to keep a close track of all the risks faced by the company and their impact on the company performance. 7
- 8. Risk Assessment Risk Rating Guide Probability Impact Impact High (5) o Major uncertainties remain o No or little prior experience or data o Infrastructure and/or resources not in place o Performance, quality, cost or safety impacts resulting in major redesign and program delay Medium (3) o Some uncertainties remain o Some experience and data exist o Infrastructure in place but under- resourced o Performance, quality, cost and/or safety impacts resulting in minor redesign and schedule adjustment Low (1) o Few uncertainties remain o Significant experience and data exist o Infrastructure in place and fully o Performance, quality, cost and safety requirements met within planned schedule Risk Scoring System Consequences Likelihood of Occurrence Likelihood of detection 1. No. direct effect on operating service level 2. Minor deterioration in operating service level 3. Definite reduction in operating service level 4. Source deterioration in operating service level 5. Operating service level approaches zero E. Probability of once in many years D. Probability of once in many operating months C. Probability of once in some operating weeks B. Probability of weekly occurrence A. Probability of daily occurrence A. Detectability is very high B. Considerable warning of failure before occurrence C. Some warning of failure before occurrence D. Little warning of failure before occurrence E. Detectability is effectively zero This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Low Medium High 1 3 5 R Show Stopper High 5 5 15 25 O Significant Risk Medium 3 3 9 15 Y Proceed with Caution Low 1 1 3 5 G No concern We have listed the framework for assessing the risk level. You can use the same for risk assessment. 8
- 9. Risk Assessment (contd..) Risk Scoring Results Consequences Insignificant Minor Moderate Major Catastrophic Likelihood 1 2 3 4 5 A. Almost Certain _ _ _ _ _ B. Likely _ _ _ _ _ C. Possible _ _ _ _ _ D. Unlikely _ _ _ _ _ E. Rare _ _ _ _ _ Extreme Risk High Risk Moderate Risk Low Risk Immediate Action where senior management get involved Management responsibility should be specified Managed by specific responsible person Managed by routine process This slide is 100% editable. Adapt it to your needs and capture your audience's attention. On the basis of the framework, you can obtain the risk score and determine its likelihood of occurrence. 9
- 10. Risk Analysis – Simplified Format Risk Items (Potential Future Problems Derived from Brainstorming) Likelihood of Risk Item Occurring Impact to Project if Risk Item Does Occur Priority (Likelihood * Impact) New operating system may be unstable 10 10 100 Communication problems over system issues 8 9 72 We may not have the right requirements 9 6 54 Requirements may change late in the cycle 7 7 49 Database software may arrive late 4 8 32 Key people might leave 2 10 20 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Below is the simple version of analysing the risk level on the basis of the mentioned parameters. You can alter these values & parameters as per your requirements. 10
- 11. Risk Analysis- Complex Description of Risk Control Measures (Detail any existing Controls) Risk Analysis Additional Control (Detail additional to be implemented Controls) Risk Analysis(with additional controls) C L Risk Rating C L Risk Rating Min Maj Crit Ext Almost Certain S(A4) S(A3) H(A2) H(A1) Likely M(B4) S(B3) H(B2) H(B1) Possible L(C4) M(C3) S(C2) S(C1) Unlikely Rare L (D4) M(D3) M(D2) S(D1) This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Below is a complex version of analysing the risk level. We have listed the steps to be followed in calculating the risk and its certainty. Using these steps you can estimate the risk level associated with your project/ company. 11 Step 1: Consider What is the consequence of the hazard occurring. Consider what is the most possible consequence with respect to work Extreme Critical Major Minor Regulatory Non compliance Major non compliance Warning Minor non compliance Safety at work Sickness Casualty First aid Medical treatment Step 3: Calculation Risk 1. Take Step 1 rating and select correct column 2. 2. Take Step 2 rating and select correct row 3. 3. Use the risk score where the two ratings cross on the matrix below. H = High, S = Serious, M = Medium, L = Low Step 2: Consider Likelihood What is the likelihood of the hazard consequences occurring in Step1 Almost Is expected to occur in most Certain Circumstances (once per year) Likely Will probably occur once (every 5 year) Possible Event might occur at some time (10years) Unlikely / Rare Event expected to occur only in exceptional circumstances (20+ years) Likelihood Min Maj Crit Ext Almost Certain S(A4) S(A3) H(A2) H(A1) Likely M(B4) S(B3) H(B2) H(B1) Possible L(C4) M(C3) S(C2) S(C1) Unlikely Rare L (D4) M(D3) M(D2) S(D1)
- 12. Risk Response Plan Exploit Enhance Share Accept Avoid Mitigate Transfer Accept PositiveRisk NegativeRisk Responding to Risk This slide is 100% editable. Adapt it to your needs and capture your audience's attention. There are many ways in which you can respond to the risk levels. We have listed down below both the negative & positive risk response ways. You can choose any as per your requirements. 12
- 13. Risk Response Matrix 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 02 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 03 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 04 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Probability 5040302010100 100 80 60 40 20 Retain o Different Site Conditions o Weather Delays o Unrealistic Schedule Avoid o Design Changes o Labor Productivity Retain o Equipment Failure o Labor dispute/ Strike Transfer o Defective Work You can also show the risk response with the help of graph showcasing the probability of risk and the risk response associated with the same. 13
- 14. Risk Mitigation Strategies Technical Risks Cost Risks Schedule Risks Emphasize team support and avoid stand- alone project Structure Increase the frequency of project monitoring Increase the frequency of project monitoring Increase project manager authority Improve problem handling and communication Improve communication, project goals understanding, and team support Select the most experienced project manager Increase the frequency of project monitoring Increase project manager authority This slide is 100% editable. Adapt it to your needs and capture your audience's attention. This strategy is used to reduce the adverse effects of risk. We have listed down the three categories of risk and also the strategies to be opted to manage the risk levels. You can alter these as per your requirements. 14
- 15. Mitigation Strategy Control Strategy Risk will be tested on a daily basis. The risk owner will document all avoidance & mitigation efforts. This would be practiced until the risk level is acceptable or has been avoided altogether Risk will be tested on a weekly basis. The risk owner will document all avoidance & mitigation efforts. This would be practiced until the risk level is acceptable or has been avoided altogether Risk will be tested weekly. No mitigation or avoidance efforts are necessary unless risk elevates. Probability Impact Score HIGH 80% MEDIUM 60% LOW 40% This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 15
- 16. Risk Mitigation Plan Category Identified Risk Mitigation Plan Client Management Miscommunication with sponsor/ client regarding project requirement and expectations Update client more frequently along the way with project progress Server Server is down which causes project to be slightly delayed due to application not able to load Perform periodical check on server status Technical Popular web browsers or bootstrap may get an update that will discontinue support for features used in our development as we using responsive bootstrap. This will lead to changes in development plan and will delay our progress Monitor any updates on popular web browser and / or bootstrap and make sure all UI design works as intended on updated web browsers or responsive bootstrap This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Once you decide on the risk mitigation strategy then you plan to implement the same. Below is the table wherein you can list down the risk identified and the mitigation plan to curb the same. 16
- 17. Risk Mitigation Chart MitigationStrategy Risks o Design & execute to a strong scope change procedure o Design an effective testing strategy o Allow for sufficient time for unit testing, system testing, performance testing, integration testing & user testing o Identify in the project charter the project resources required for success o Identify a backup plan for each resource Scope Creep Insufficient Testing Insufficient Resources Likelihood Impact Medium High This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 17
- 18. Risk Control Matrix KeyProcess Number Process RiskNumber Risk Control Objective ControlNumber Control Description Control Owner Process Narrative Control Category Control type Primary Secondary Control Frequency Design Assessment Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Prepare a risk control matrix to have a close tap on the risk related measures you have intended to take. The below table helps you to keep a log of the control measures you have decided to take to manage the risk levels. 18
- 19. Risk Tracker (1/2) This slide is 100% editable. Adapt it to your needs and capture your audience's attention. ID Description of Risk Impact Risk Response High Level Risk Owner Notes 01. Your Text Here Text Here Text Here Text Here Text Here Text Here 02. Your Text Here Text Here Text Here Text Here Text Here Text Here 03. Your Text Here Text Here Text Here Text Here Text Here Text Here 04. Text Here Text Here Text Here Text Here Text Here Text Here 05. Text Here Text Here Text Here Text Here Text Here Text Here 06. Text Here Text Here Text Here Text Here Text Here Text Here 07. Text Here Text Here Text Here Text Here Text Here Text Here 08. Text Here Text Here Text Here Text Here Text Here Text Here 09. Text Here Text Here Text Here Text Here Text Here Text Here 10. Text Here Text Here Text Here Text Here Text Here Text Here Below is the template which could be used to track the risk factors and how we are planning to overcome the same. 19
- 20. Risk Tracker (2/2) Risk Items Monthly Ranking Risk Resolution This Month Last Month Number of Months Inadequate Planning 1 2 4 Working on revising the entire project plan Poor Definition of Scope 2 3 3 Holding meetings with project customer and sponsor to clarify scope Absence of leadership 3 1 2 Just assigned a new project manager to lead the project after old one quit Poor Cost Estimates 4 4 3 Revisiting cost estimates Poor time Estimates 5 5 3 Revisiting schedule estimates This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Below is the template which could be used to track the risk factors and the progress we have made so far. 20
- 21. Risk Mitigation Plan Icons Slide 21
- 23. 23 Vision This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Mission This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Goal This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Our Mission
- 24. Meet Our Team 24 Name Here Designation Name Here Designation Name Here Designation Name Here Designation This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
- 25. 25 Premium Services This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Values Clients This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Our Company This slide is 100% editable. Adapt it to your needs and capture your audience's attention. About Us
- 26. 26 Our Goal 02 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Our Goal 03 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Our Goal 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Our Goal
- 27. 27 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here 2017 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here 2018 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here 2020 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here 2019 Timeline
- 28. Location $200 $700 Sales In China $300 $400 Sales In India $100 $500 Sales In Australia This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Product 01 Product 02 28
- 29. Post It Notes Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Text Here This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 29
- 30. Idea Generation Idea 01 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Idea 04 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Idea 03 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. Idea 02 This slide is 100% editable. Adapt it to your needs and capture your audience's attention. 30
- 31. 31This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. 50 30 50 55 60 40 70 75 0 10 20 30 40 50 60 70 80 90 100 FY 16 FY 17 FY 18 FY 19 SalesInPercentage(%) Product 01 Product 02 Bar Chart
- 32. 32 Thank You Address # street number, city, state Email Address emailaddress123@gmail.com Contact Number 012345678