NR631 Week 7 Risk Management and Human Resource Management Plans
Purpose
NR631 Week 7 Risk Management. The process of project management has five phases:(1) design and initiation, which you just completed;(2) finalizing your plan before implementation, which you will do now; (3) implementation;(4) monitor and control; and finally, (5) evaluation and lessons learned (as well as knowledge transfer).
During Phase 2 (finalizing the project plan), you will continue to create the tools and documents you will need when you implement your project as the project manager in Phase 3.
Week 4: Communications Plan
Week5: Deliverables and Critical SuccessFactors (CSFs)
Week6:WorkBreakdown Structure(WBS) andGanttChart
Week7:RiskManagementandHumanResource Management Plans
In this assignment, students document, track, and manage a project’s risks and use of human resources. The risk management will be accomplished by using a risk register chart.
Using the risk register is a way to identify, document, and manage all the risks associated with a project. The chart details provide an easy way to scan for level of risk, status, potential responses, who is responsible for the risk in addition to the project manager, or other details needed to manage the risk. This is a great way to keep everyone informed when this document is presented at the weekly team meetings and in communication with all stakeholders.
Another key tool is called the RACI chart, which helps you identify who is responsible, accountable, consulted, or informed for each major project task. The RACI chart will help manage and track use of human resources; this facilitates monitoring and control and provides one means of communication. It documents and makes clear who is responsible for bringing the task to completion, on time and on budget….
NR631 Week 7 Risk Management Answer
Mitigating Risks in Comprehensive Discharge Planning for Heart Failure Patients
Effective risk management is a cornerstone of successful project development, enabling the identification of strengths, weaknesses, and opportunities (Carvalho & Rabechini Junior, 2015). This exploration focuses on risk management in developing a comprehensive discharge program to reduce readmission rates among heart failure patients. It includes the creation of a risk register and a RACI (Responsible, Accountable, Consulted, and Informed) chart for the project.
Risk Register
The risk register, as outlined by Olechowski et al. (2016), is a vital project management tool that identifies potential risks and ensures regulatory compliance for effective risk management. In this project, various risk categories emerge. People-related risks encompass potential delays in project approval due to resistance, conflicts, and inadequate stakeholder understanding. Mitigation strategies involve proposing alternative project plans and educating stakeholders. The impact of these risks could lead to increased costs and project timeline extensions.NR631 Week 7 Risk Management
Another risk category involves changes in project scope, potentially leading to scope creep and affecting project timelines. Proactive measures include regular project scope reviews and effective communication to manage expectations. The consequences of unmanaged scope changes include compromised project quality and stakeholder dissatisfaction.NR631 Week 7 Risk Management
References:
Carvalho, M. M., & Rabechini Junior, R. (2015). Impact of risk management on project performance: The importance of soft skills. International Journal of Production Research, 53(2), 321–340.
Olechowski, A. L., Oehmen, J., Seering, W., & Ben-Daya, M. (2016). Managing technical and project risks in complex product development. Procedia CIRP, 48, 358–363.
