Kitchen Remodel Risk Management And Mitigation Plan

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Risk Management and Mitigation Plan Example

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Kitchen Remodel Risk Management And Mitigation Plan

  1. 1. Kitchen Remodel Risk Management and Mitigation Plan Risk Likelihood Impact Risk response Responsibility (H/M/L) (H/M/L) (Containment or contingency strategies) Overall plan exceeds maximum budget costs H H Would have to develop alternate solutions or cost saving ideas. Project Manager Purchase cheaper items to meet the budget Project Team Team members can’t participate L M Project Managers duty to locate more volunteers to participate on the Project Manager Lack of help on the project project Appliances and products being unavailable L L Project Manager would have to choose an alternate product to Project Manager replace the unavailable appliance. Again, he would have to stay in the boundaries of the allowable budget Problems with dismantling/installing the plumbing for M H Project Manager would have to seek the services of a contractor or Project Manager the kitchen sink and faucet. plumber Phases may exceed the timeline that was estimated H H Project Manager may have to find other resources to help the team Project Manager due to installation problems and mistakes. accomplish the task Project Team Learning curve involved with the project team H H Identify ways and ideas to help the project team attain their Project Manager members knowledge quicker. Damaged items that need to replaced and reordered L L Project Manager would have to rearrange the completion order of the Project Manager project phases. Items that need to be readjusted or redone H H This would impact whether the project will be done to meet the Project Manager project deadline. Again, contractors may need to be used.

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