What would be some ways to reduce the impact of these risks?

Risk Management Plan for GrabACoffee Consequences/i Internal/E Risk Probability rating Priority Measures to minimise occurrence mpact xtemal Risk Category 5 = highest (overall risk or impact 5 = highest rating) Internal Operational Lack of employees 3 9 Internal Strategic Under-forecasting expected sales 3 9 External Technology Power outages 3 2 6 External Financial Economic recession 4 4 16 Internal Financial Repayments with interest 2 6 Internal Operational Lack of sales 4 123. Overall Risk Rating or Priority Multiply the Probability rating by the Impact rating. Recommended Risk Map Risk Risk Description Colour Rating Priority coding None No or negligible risk Blue 1-3 Low Low risk. Yellow May require consideration in any future changes in the work area or processes or can be fixed immediately. 4-6 Med Moderate risk. Orange May require corrective action through planning and budgetting process. 7-12 High High risk. Pink Requires urgent corrective action. Over 12 Extreme Extreme risk. Red Requires immediate prohibition of the work process and immediate corrective action