Ahm62
Risk : Health Concerns
Status: Low
Description: Food Contamination ,Food Allergy
Probability: 30%
Impact: $5000
Total Risk=P(0.3)*$5000= $1500
Mitigation: Wash hands after handling different things and I should put some alerts in the menu.
Comments: Sensitization efforts in place.
Risk : Supply delay
Status: High
Description: Loses
Probability: 50%
Impact: $2000
Total Risk=P(0.5)*$2000= $1000
Mitigation: Confirm delivery dates earlier.
Comments: Having many suppliers is necessary.
Risk : Installation problems and mistakes.
Status: High
Description: They may install something wrong in the restaurant and that considered a damage.
Probability: 60%
Impact: $4000
Total Risk=P(0.6)*$4000= $2400
Mitigation: Highly trained and skilled personal for installation.
Comments: Perfection required.
Risk : Operating kitchen temperatures.
Status: Low
Description: Food Contamination
Probability: 15%
Impact: $1500
Total Risk=P(0.15)*$1500= $225
Mitigation: Abiding by the set operational guidelines.
Comments: This can be achieved easily.
Risk :Restaurant Bankruptcy
Status: High
Description: the restaurant may lose the funds.
Probability: 10%
Impact: 100000
Total Risk=P(0.1)*$100000= $10000
Mitigation: Cost Saving ideas.
Comments: Saving on unnecessary expenditure would be helpful.
Risk : Damaged items needing replacement.
Status: Low
Description: electricity shortage
Probability: 20%
Impact:$8000
Total Risk=P(0.2)*$8000= $1600
Mitigation: Immediate procurement once the items get damaged and I should have a backup power.
Comments: The project manager must be alert.
Probability Vs. Impact
Health Concerns
Supply delay
Installation problems and mistakes
Operating kitchen temperatures
Restaurant Bankruptcy
Damaged items needing replacement
30 50 60 15 10 20 5000 2000 4000 1500 100000 8000Probability
Impact