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Risk Management Plan

Risk ID Description Severity Probability Mitigation Plan
RIS001 Delay in setting up the Dockerized environment and integration with MariaDB High Medium Establish clear setup guidelines, assign an experienced team member to lead the configuration, and schedule early testing to catch issues promptly.
RIS002 Inadequate security measures leading to vulnerabilities in the service High Low Conduct regular vulnerability scanning, adhere to industry security standards, and incorporate a review process for security-critical changes.
RIS003 Scope creep due to additional feature requests or changes in project requirements Medium Medium Implement a change management process (see Section 4.2) and hold regular review meetings to reassess priorities and ensure scope alignment.
RIS004 Insufficient documentation updates causing miscommunication and version control issues Medium Medium Enforce strict documentation guidelines, assign a dedicated documentation lead, and schedule periodic audits of the GitLab repository.
RIS005 Resource constraints, such as team availability or hardware limitations affecting project progress High Low Plan resource allocation in advance, build in buffer time for potential delays, and consider external support if necessary.
RIS006 Integration challenges with third-party services (e.g., payment gateways, version control systems) Medium Medium Maintain close communication with third-party vendors, use standardized APIs, and include contingency time in the schedule for integration testing.
RIS007 Communication breakdown within the project team or with stakeholders Medium Low Establish clear communication channels and regular status meetings; utilize collaborative tools (e.g., Slack, Discord) to keep everyone aligned.

Severity descriptions

The severity class should be defined according the project

Probability \ Severity Critical High Medium Low Very Low
Very High 1 1 2 3 4
High 1 2 3 4 4
Medium 2 3 3 4 5
Low 3 3 4 4 5
Very Low 4 4 4 5 5
  • 1: Critical – Immediate action required.
  • 2: High – Urgent action needed.
  • 3: Medium – Action required to mitigate risk.
  • 4: Low – Acceptable risk with some monitoring.
  • 5: Very Low – Negligible risk, no immediate action required.
Probability \ Severity Critical High Medium Low Very Low
Very High 1 1 2 3 4
High 1 2 3 4 4
Medium 2 3 (RIS001) 3 (RIS003, RIS004, RIS006) 4 5
Low 3 3 (RIS002, RIS005) 4 (RIS007) 4 5
Very Low 4 4 4 5 5