Assignment Project Management Albert Pinto

Risk Response Planning

Submitted to: Prof Tapan Bagchi

Submitted by:

Anshul Verma (WMP 10055)

RISK IDENTIFICATION

R I S K

EVENTS Heart Attack Stroke Psychological

Breakdown

Hypertension

IMPACTS

Death Disability Financial Loss Job loss

Difficulty in familys Lively hood

Disturbed personal & professional life

RISK ANALYSIS

Loss

Proposition

2008

RISK MAPPING

Decided on the basis of

brainstorming and some

basic assumptions

Severity***

***The probability and severity have been shown

on an ordinal scale

He

art

Att

ack

Stro

ke

Psy

cho

logi

cal

Bre

ak d

ow

n

Hyp

ert

en

sio

n

Pro

ba

bilit

y**

*

Hyper- tension

Heart Attack

4

Stroke

3

Psychological Breakdown

2

1

1 2 3 4

RESOLVING & MONITORING RISK

Prevent- 5

Mitigate- 1,2,3,6,8

Transfer- 4,10

Accept- 7,9

Stressful Environment

Sedentary Job

Overweight

Prioritize the daily activities (1) Build network with bank officers union (2)

Carefully plan succession and offload some functions Through delegation (3)

Change work place ergonomics (4) Physical exercise pre/post office hours (5)

Physical exercise pre/post office hours Controlled diet (6)

2,3,8, 10 1,5,6,7,9 High BP Physical exercise pre/post office hours Regular physical checkup (7)

4

Ease

Alcoholic Nature

Cholesterol Level

Avoid/reduce alcohol (8)

Socialize more in family circles (9) Switch to non alcoholic drink (10)

Avoid/reduce alcohol Controlled diet Regular physical checkup

Imp

act

RESOLVING & MONITORING RISK

Prevent

Mitigate- 11,12,13

Proximity to Hospital

Change residence to a more suitable locality (11)

Work with local councilor to set up a medical ward Nearby (12)

11, 12, 13

Transfer- 16

Accept-14,15,17

14, 15, 17

16

Proximity to Ambulance

Service

Wifes inability to

drive

Low savings/ insurance

cover

Change residence to a more suitable locality

Work with local clubs/ NGOs/ Social Welfare organizations to start up an ambulance service (13)

Teach wife to drive (14)

Hire drivers on call services (15)

Change of lifestyle (16) Avail better health insurance cover (17)

Ease

Imp

act