Risk Mangement

In: Business and Management

Submitted By richdavila81
Words 701
Pages 3
Risk Management Plan
Project Name:
Project Description Summary:
Project Manager:
a. Risk Identification
We have made a list of all areas that might cause project delays or failure with their respective outcomes (see numerical list below). The 5 risks we have chosen as key risks are bolded below and appear in the Risk Assessment Table in question “b” 1) Political- gaining a foot hold in the local community to ensure you are not seen as an outsider. 2) Parking 3) Competition – the amount of food trucks in local market 4) Competition – the brick and mortar restaurants 5) Weather – The first year for the food truck to go through its first winter could be a challenge. The rain, snow, bad weather, a tire might go out on the truck are all risks that could affect our truck. I believe that using our Twitter to update the customers on the location and our availability for opening and closing times and also cancellation due to the weather would be a great idea. 6) Maintenance and Repair 7) Rising Fuel Costs 8) False Lawsuits- food trucks like any other food service can be at risk of false accusations. 9) Operations and Safety - Day to day operations and safety for food and the equipment including the truck is our number one priority and the safety of our employees and customers. While we are on the road we need to make sure we have a set speed, experienced driver, well-maintained equipment and active participant in safety programs. If anything was to go wrong with the truck or crew, we could lose a lot of money including our whole business. We also need to make sure our customers are safe with our food. We have to handle the food under regulations and make sure our employees do not have any symptoms of diarrhea, fever, vomiting, and jaundice, sore throat with fever or discharges from the eyes, nose…...

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