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SayPro Education and Training

Risk Assessment and Mitigation Plan

Email: info@saypro.online Call/WhatsApp: + 27 84 313 7407

SayPro is a Global Solutions Provider working with Individuals, Governments, Corporate Businesses, Municipalities, International Institutions. SayPro works across various Industries, Sectors providing wide range of solutions.

Description 

A risk assessment and mitigation plan are a process for identifying and evaluating potential risks, and then developing strategies to reduce or eliminate the impact

of those risks.

Risk assessment  

  1. Identify risks.
  2. Evaluate the potential impact of the risk.
  3. Prioritize risks.

Risk mitigation  

  1. Take actions to reduce the probability of risks occurring.
  2. Develop combinations of mitigation strategies.
Example   Risk   Potential Impact on Project Success (Low/Medium/High)   Probability of Occurrence (Low/Medium/High)   Mitigation Plan   Biomarker is not discovered High Low   Cell lines become contaminated Medium Medium Thoroughly clean cell culture room. Go over sterile techniques with all persons using the cell culture room. Personnel turnover (co-PI and/or research scientist leaves) Low Low   Unable to recruit participants High Medium Hire a GRA to manage the recruitment and retention of participants. 
  • Use economic tools to identify the most cost-effective

Additional Risk mitigation examples  

  1. Planning and zoning.
  2. Floodplain protection.
  3. Property acquisition and relocation.
  4. Public outreach projects.
  5. Installing disaster warning systems.
  6. Purchasing radio communications equipment.
  7. Conducting emergency response train

Template [Copy and paste into your word document] Instructions:

Step 1: Brainstorm possible risks.

Step 2: For each risk, assign a High/Medium/Low value for both potential impact and probability of occurrence on the project.

Step 3: Develop a mitigation plan for each High/High, High/Medium and Medium/High risk. Consider developing mitigation plans for the Medium/Medium risks.

  Risk Assessment and Mitigation Plan

RiskPotential Impact on Project Success (Low/Medium/High)Probability of Occurrence (Low/Medium/High)Mitigation Plan (For all H/H, H/M and M/H risks. Recommended for M/M risks.)
Operational RisksHighHighEnsure sufficient staffing through recruitment and cross-training.
Compliance and Legal RisksHighMediumRegularly review and update compliance with laws and regulations.
Project-Specific RisksMediumhighConduct periodic legal audits and train staff on key compliance requirements.
Health and Safety RisksHighMediumUse project management software to track progress and identify bottlenecks early.
Technological RisksHighHighImplement safety training and provide proper personal protective equipment (PPE).
Strategic RisksMediumMediumTrain staff on technology usage and cybersecurity best practices.
Environmental RisksHighMediumDevelop contingency plans for natural disasters, including evacuation protocols and backup resources.
    
  • Neftaly Malatjie | CEO | SayPro
  • Email: info@saypro.online
  • Call: + 27 84 313 7407
  • Website: www.saypro.online

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