Risk Identification and Prevention / Mitigation Plan

RISK EVALUATION TABLE.

Risk Policy: Meet quality, cost and delivery requirements 100% on time every time.

Sub Risk Mitigation plan,

Sl. Risk element Severity Probability Occurrence Prevention Control Prevention
Sl. Anticipated risk Evaluation should REN ≥ Responsibility
No. relating to: Ranking of Occurrence Ranking if any Ranking
No. No. (REN) 3X3X3=27
Effect

Customer Specific
Compound not meeting the Very low chance of requirements and Bhatachariyar /
1 Product Function failure 2 1 3 6
customer requirement. occurrence customer material Kumaraswamy
standards.

Poor Producibility of the product Project Not Completed Low Chance Of

2 4 2 Robust mould Design 3 24 Shinoj / Vignesh
meeting all quality targets on time occurrence

Poor Inspectability of the product Customer High Chance Of Training provided to

3 3 4 2 24 Raman
to confirm product acceptance. dissatisfication occurrence inspectors

01 Quality
Lack of clarity in customer Project Not Completed Low chance of
4 2 2 initial feasibility review 2 8 Vignesh
documentation on time occurrence

Marginal effect on the Low chance of

5 Excess Flash level 3 2 Robust mould Design 4 24 Shinoj / Vignesh
project occurrence

Difficulty to parts unloading due Customer Medium Chance Of

7 2 2 Robust mould Design 3 12 Shinoj / Vignesh
to critical part profile dissatisfaction occurrence
Time and cost
Medium Chance Of
8 Excess Rejections Overrunning of the 3 3 Process Validation 2 18 Vaibhav
occurrence
Project
Marginal effect on the High Chance Of
1 Project lead time is very short. 3 3 Firm APQP Timing plan 2 18 Shinoj / Vignesh
project Occurrence

Time and cost APQP Timing plan and

Excess Time for Mold Medium Chance Of
2 Overrunning of the 2 3 Tool Manufacturing 3 18 Shinoj / Vignesh
02 Delivery Fabrication. occurrence
Project facilities at In house

APQP Timing plan

Delay in tool delivery from tool Customer Low chance of
3 3 2 delivery through special 3 18 Shinoj / Vignesh
room dissatisfaction occurrence
mode of transports

Time and cost

Low chance of Costing including all the
1 Increase in Process cost Overrunning of the 3 2 3 18 Sagar / Monisha
occurrence process cost
Project

Time and cost

Medium Chance Of
2 Higher deflashing cost Overrunning of the 2 3 Robust mould Design 3 18 Manikanda raja
occurrence
Project
Time and cost Providing Fixtures and
03 Cost Low chance of
3 Higher Inspection Cost Overrunning of the 2 2 gauges during 2 8 Manikanda raja
occurrence
Project development stage
Time and cost Providing Automatic
Low chance of
4 Increase in Manpower Cost Overrunning of the 3 2 controls wherever 3 18 Manikanda raja
occurrence
Project applicable in process
Time and cost
Low chance of Costing including all the
5 Transport Cost Overrunning of the 3 2 3 18 Rajkumar
occurrence process cost
Project
 Sub Risk Mitigation plan,
Sl. Risk element Severity Probability Occurrence Prevention Control Prevention
Sl. Anticipated risk Evaluation should REN ≥ Responsibility
No. relating to: Ranking of Occurrence Ranking if any Ranking
No. No. (REN) 3X3X3=27
Effect

Time and cost

Very Low chance Manpower availability as
1 Manpower high Absenteeism Overrunning of the 3 2 2 12 Punnia moorthy
of occurrence per Production schedules
Project

Marginal effect on the Very Low chance Capacity analysis during Navaneethan/
2 Lack of Power capacity 2 1 3 6
project of occurrence Initial feasibility study Management

04 Resource Customer Very Low chance Capacity analysis during

3 Lack of Moulding facility 4 1 3 12 Management
dissatisfaction of occurrence Initial feasibility study

Marginal effect on the Low chance of

4 Lack of skilled manpower 2 2 Proper Training provided 1 4 Punnia moorthy
project occurrence

Marginal effect on the Low chance of

5 Unplanned Machine Breakdown 3 2 Machine PM 4 24 Navaneethan
project occurrence

Time and cost

Fluctuation of Compound price in Low chance of Maintaining sufficient
1 Overrunning of the 3 2 4 24 Sagar / Monisha
International Market occurrence stocks at Inhouse
Economic Project
05
Scenario

Customer Very Low chance Adequate Inventory

2 Strikes and Political Issues 2 1 4 8 Manikanda raja
dissatisfaction of occurrence maintaining
06 Govt. Regulation
NA

Very Low chance Maintaining sufficient

1 Floods and Cyclones. No effect on the project 1 1 5 5 Manikanda raja
of occurrence stocks at Customer end

Natural
07
Calamities

Very Low chance Maintaining sufficient

2 Fire Accidents No effect on the project 1 1 5 5 Manikanda raja
of occurrence stocks at Customer end