The document outlines a comprehensive risk mitigation strategy that includes risk assessment, management plans, response matrices, and mitigation charts to manage various types of risks. It emphasizes the importance of a risk register, risk identification, and contingency planning in order to effectively respond to potential project-related hazards. Various strategies are recommended for negative and positive risk responses, creating a structured approach to maintaining project stability and performance.

1. Risk Mitigation Strategy
Your Company Name

2. Content
2
Risk
Assessment
Risk Management
Plan
Risk Response
Matrix
Risk Mitigation
Chart
Risk Mitigation
Strategies
Risk
Analysis
Risk Control
Chart
Risk
Identification
Risk Mitigation
Plan
Risk
Tracker
Risk Response
Plan
Risk
Register

3. Risk Management Plan
3
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
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John
Smith
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Below is the
template to list
down the plan to
manage the types
of risks expected by
the company

4. 4
Terminate
Treat
Transfer
Tolerate
Consequences
Likelihood
O
Risk Identification
(1/2)
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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

5. Risk Identification - Example
5
Equipment
(IT only)
Facility Personnel
Raw
Materials
Transportation
System
Utilities
Vendors
(Sourcing)
How Long Can
You Do Without?
5 days 0 days 0 days
30 days before new
deliveries
30 days in 2 days out
0 hours/power
0 hours/water
4 hours
Impact of Doing
Without?
After five days no way
to schedule production
or track orders
No production, potential
for bankruptcy, IT non-
existent
Degraded operations,
low service levels
None until on hard
exhausted
No suppliers
No deliveries
Extrusion shuts
down, lines cleaned,
waste collected and
prepared for grinder,
IT non-existent
No call centre
Vulnerabilities
?
No UPS/ generator.,
MD hardware, SPOF
SME
Metal building, flood
zone, poor
maintenance, no
perimeter security ,
door lock broken
Too many SPO
Single supplier
relationship
Location, design of entrance
Single power feed,
no generator or
backup water supply
Mercy of vendor
Contingency in
case of a
disaster?
Use paper reports for 5
days then go manual
for as many members
as possible
Look for warehouse
space, attempt to
salvage equipment and
restart operation, file
bankruptcy
Best effort shifting of
available staff, temps
Search for
alternatives supplier
None None Being in-house
We have given an
example of
identifying risk in
the below table, you
can alter the fields
as per your needs

6. Risk Identification (2/2)
6
Cost
▪ Budget Exceeded
▪ Unanticipated Expenditure
Resources
▪ Team is under-resourced
▪ Materials shortage
▪ Machinery unavailable
▪ Industrial Action
▪ Skills gap
Environmental
▪ Bad weather results in re-work
▪ Weather delays progress
▪ Adverse environmental effects occur
▪ Environmental approvals not complied with
Communication
▪ Poor communication
(Stakeholder dissatisfaction)
▪ Positive & timely
communications (positive
publicity)
Time
▪ Schedule overruns
▪ Tasks omitted from Schedule
▪ Opportunity to compress
Schedule’
Scope
▪ Scope creep
▪ Scope poorly defined
▪ Project changes poorly managed
Identify
Risks
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

7. Risk Register
7
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 Her 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
Maintain a risk
register to keep a
close track of all the
risks faced by the
company and their
impact on the
company performance

8. Risk Assessment
8
Risk Rating Guide
Probability Impact Impact
High (5)
▪ Major uncertainties remain
▪ No or little prior experience or data
▪ Infrastructure and/or resources not
in place
Performance, quality, cost or safety impacts resulting in major
redesign and program delay
Medium
(3)
▪ Some uncertainties remain
▪ Some experience and data exist
▪ Infrastructure in place but under-
resourced
Performance, quality, cost and/or safety impacts resulting in
minor redesign and schedule adjustment
Low (1)
▪ Few uncertainties remain
▪ Significant experience and data
exist
▪ Infrastructure in place and fully
Performance, quality, cost and safety requirements met within
planned schedule
Risk Scoring System
Consequences Likelihood of Occurrence Likelihood of detection
▪ No. direct effect on operating service level
▪ Minor deterioration in operating service level
▪ Definite reduction in operating service level
▪ Source deterioration in operating service level
▪ 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
▪ Detectability is very high
▪ Considerable warning of failure before occurrence
▪ Some warning of failure before occurrence
▪ Little warning of failure before occurrence
▪ Detectability is effectively zero
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

9. Risk Assessment (contd..)
9
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
Management responsibility should
be specified
Management responsibility should
be specified
Managed by specific
responsible person
Managed by
routine process
On the basis of the
framework, you can
obtain the risk score
and determine its
likelihood of
occurrence

10. Risk Analysis - Simplified Format
10
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
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

11. Risk Analysis - Complex
11
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
Step 1: Consider Step 2: Consider Likelihood Step 3: Calculation Risk
▪ What is the consequence of the hazard occurring.
Consider what is the most possible consequence with
respect to work
▪ What is the likelihood of the hazard consequences
occurring in Step1
▪ Take Step 1 rating and select correct column
▪ 2. Take Step 2 rating and select correct row
▪ 3. Use the risk score where the two ratings cross on the
matrix below.
Safety at work Regulatory Almost Is expected to occur in most H = High, S = Serious, M = Medium, L = Low
▪ Extreme Sickness Non compliance Certain
Circumstances (once per
year) Likelihood
▪ Critical Casualty
Major non
compliance
Likely
Will probably occur once
(every 5 year)
▪ Major
Medical
treatment
Warning Possible
Event might occur at some
time (10years)
▪ Minor First aid
Minor non
compliance
Unlikely/ Rare
Event expected to occur only
in exceptional circumstances
(20+ years)
Min Major Critical Extreme
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)
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.

12. Risk Response Plan
12
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.
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Responding to Risk
Negative Risk
Mitigate Transfer
Avoid Accept
Positive Risk
Exploit Enhance Accept
Share

13. 13
Probability
20
60
100
40
80
0 10 20 30 40 50
Retain
Different Site
Conditions
Unrealistic
Schedule
Weather
Delays
Transfer
Defective
Work
Retain
Labor dispute
/ Strike
Equipment
Failure
Avoid
Design
Changes
Labor
Productivity
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Risk Response
Matrix (2/2)
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.

14. Risk Mitigation Strategies
14
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 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.

15. Mitigation Strategy
15
Risk Will Be Tested Weekly. No Mitigation Or
Avoidance Efforts Are Necessary Unless Risk Elevates.
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 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
Control
Strategy
High Medium Low
Probability Impact Score

16. Risk Mitigation Plan
16
Category
Client Management Server Technical
Identified Risk
Miscommunication with sponsor/ client
regarding project requirement and
expectations
Server is down which causes project to
be slightly delayed due to application
not able to load
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
Mitigation Plan
Update client more frequently along the
way with project progress
Perform periodical check on server
status
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
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.

17. Risk Mitigation Chart
17
Likelihood Impact
▪ Identify in the project charter the project
resources required for success
▪ Identify a backup plan for each resource
Scope Creep
▪ Allow for sufficient time for unit testing, system testing,
performance testing, integration testing & user testing
▪ Allow for sufficient time for unit testing, system testing,
performance testing, integration testing & user testing
Insufficient Testing
▪ Design & execute to a strong
scope change procedure
Scope Creep
Risks
Mitigation
Strategy
Medium High

18. Risk Control Matrix
18
Key
Process
Number
Process
Risk
Number
R
i
s
k
Control
Objective
Control
Number
Control
Description
Control
Owner
Process
Narrative
Control
Category
Control
type
Primary
Secondary
Control
Frequency
Design
Assessment
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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.

19. Risk Tracker (1/2)
19
ID 01 02 03 04 05 06 07 08 09 10 11 12
Description of
Risk
Your
Text
Here
Your
Text
Here
Your
Text
Here
Text
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Here
Text
Here
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Here
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Here
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Here
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Here
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Here
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Here
Impact
Text
Here
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Here
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Risk Response
Text
Here
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Here
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Here
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Here
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Here
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Here
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Here
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Here
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Here
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Here
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Here
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Here
High Level
Text
Here
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Here
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Here
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Here
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Here
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Here
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Here
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Here
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Here
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Here
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Risk Owner
Text
Here
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Here
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Here
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Here
Text
Here
Text
Here
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Here
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Here
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Here
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Here
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Notes
Text
Here
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Here
Text
Here
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Here
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Here
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Here
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Text
Here
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Text
Here
Below is the template
which could be used to
track the risk factors
and how we are
planning to overcome
the same

20. Risk Item Tracking (2/2)
20
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
Below is the template
which could be used to
track the risk factors
and the progress we
have made so far.

21. 21
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Coffee Break
15 min

22. Risk Mitigation Strategy
22

23. 23
Charts &
Graphs

24. Stacked Bar
24
0 20 40 60 80 100
FY 01
FY 02
FY 03
FY 04 70%
55%
40%
30%
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25. 25
50%
30%
20%
▪ Product 01
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▪ Product 02
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▪ Product 03
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Donut
Pie Chart
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26. Clustered Column - Line
26
0%
100%
200%
300%
400%
500%
600%
FY 01 FY 02 FY 03 FY 04
In
percentage
▪ Product 01 ▪ Product 02 ▪ Product 03
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27. 27
0
5
10
15
20
25
30
35
02-05-2017
07-05-2017
12-05-2017
16-05-2017
22-05-2017
▪ Product 01
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▪ Product 02
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Radar
Chart
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28. 28
Additional
Slides

29. 29
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Our
Mission

30. John Albert
Designation
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Victoria Smith
Designation
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Anita Parker
Designation
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Our Team
30

31. 31
About Company
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32. 32
Your Text Here
Your Text Here
Your Text Here
Your Text Here
01
02
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Our Goal

33. Timeline
33
2017 25
Jan
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10
Jun
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12
Mar
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23
Aug
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34. Location
34
North America
50%
Asia
25%
Latin America
10%
Australia
15%
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35. Post It
35
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01 02 03 04

36. Financial
36
40%
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Minimum
50%
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Medium
60%
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Maximum

37. Our Target
37
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38. 38
01
04
03
02
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Puzzle

39. Magnifying Glass
39
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30%
50%
100%

40. 40
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Bulb Or
Idea

41. 41
Address
# street number, city, state
Contact Numbers:
0123456789
Email Address:
emailaddress@gmail.com
Thank You