Risk Management and Human Resource Management Plans – Savvy Essay Writers | savvyessaywriters.net
Risk Management and Human Resource Management Plans – Savvy Essay Writers | savvyessaywriters.net
Week 7: Risk Management and Human Resource Management Plans
Submit Assignment
- Due Sunday by 11:59pm
- Points 50
- Submitting a file upload
NR631 W7 Risk Management and Human Resource Management Plan Guidelines and Rubric
NR631 W7 RACI Template
NR631 W7 Risk Register Template
Purpose
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
Week 5: Deliverables and Critical Success Factors (CSFs)
Week 6: Work Breakdown Structure (WBS) and Gantt Chart
Week 7: Risk Management and Human Resource 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 through the use of 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 the level of risk, status, potential responses, and 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 responsible, accountable, consulted, informed (RACI) chart, which helps you identify who is responsible for, accountable for, consulted on, or informed about 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.
Due Date: Sunday at 11:59 p.m. MT at the end of Week 7
Students are given the opportunity to request an extension on assignments for emergent situations. Supporting documentation must be submitted to the assigned faculty. If the student’s request is not approved, the assignment is graded and a late penalty is applied as follows:
- Monday = 10% of total possible point reduction
- Tuesday = 20% of total possible point reduction
- Wednesday = 30% of total possible point reduction
If the student’s request is approved, the student will be informed of the revised due date. Should the student fail to meet the revised due date, the assignment is graded and a late penalty is applied as follows:
- Monday = 10% of total possible point reduction
- Tuesday = 20% of total possible point reduction
- Wednesday = 30% of total possible point reduction
Total Points Possible: 50
Course Outcomes
This assignment enables the student to meet the following Course Outcome (CO):
CO 1: Apply leadership skills concepts of project management as a nurse executive in an organizational setting to develop, implement and evaluate successful project plans. (PO 4,5)
Requirements
- Complete the Risk Register and RACI documents for your project. Attach them as appendices to a professional, scholarly paper.
- Grammar, spelling, punctuation, references, and citations must be consistent with formal academic writing and APA format as expressed in the current edition of the APA manual.
Preparing the paper
- All project risks must be identified and added to your Risk Register following the example. Attach them as appendices to a professional, scholarly paper.
- The RACI chart must provide the responsibility, accountability, consulted, or informed status for each member of the team for all major project tasks following the RACI example. Attach them as appendices to a professional, scholarly paper.
- Ideas and information from professional sources must be cited correctly using the current edition of the APA manual.
- Grammar, spelling, punctuation, references, and citations must be consistent with formal academic writing.1
Running head: Practicum Project…
7
PRACTICUM PROJECT…
Project Plan Phase 2: Week 6
Risk Management and Human Resource Management Plans
Student Name Here
Date
Course Number
Instructor
Introduction
Projects neither big nor small can be an undertaking to the project team. With a lot of processes involved, things to consider, and steps to accomplish- it easy for one to loose track and get overwhelmed with the flow of things. Part of project management is the incorporation of planning tools that enable the project leaders and team members to conquer and divide tasks, as well as, anticipate and minimize risks. The RACI chart, which stands for Responsible Accountable Consulted Informed chart is instrumental in directing team members to perform specific job functions. The Risk Register, on the other hand, enables the project team to anticipate possible constraints and the likelihood of occurrences. Although directed for two completely purposes, the RACI chart and Risk register when synergistically employed can maintain and improve people and project processes. With improved people and project processes, the success of the project is highly likely.
RACI Chart
One of the common problems encountered in project management involve people process rooting from ambiguity of roles and responsibilities. With major tasks identified and sub tasks involved, not having roles and responsibilities assigned can be make a difference in staff engagement and accountability. RACI chart is an important project management tool that clarifies, identifies and assigns roles; responsibilities and accountabilities that yield improved team productivity and performance (Tartell, 2017). The four major roles presented in the ‘RACI’ chart include: “Responsible,” which refers to the person who does the work; “Accountable,” the person who makes the final decision and approves the step in the project plan; “Consulted,” the person who provides advice or information to those who are responsible and accountable, and “Informed,” the person made aware after the result and decision has been made (Tartell, 2017). The RACI chart presented in Appendix A is constructed using a matrix. The vertical axis list the project tasks, which are broken down to major and minor tasks, while the horizontal axis list the different roles assigned to the team members involved.
Risk Register
Another project management tool that aid in productivity and facilitate project success is the Risk Register. The Risk register is an organized document that contains data results of risks identified, along with its quality and quantity analyses (Chang Han, Su Yuong, Minsuk, 2016). It allows project managers and team members identify possible contingencies that can be encountered and plan for course of action- which makes it a great instrument in preventing issues involving project processes (Chang Han et. al, 2016). The risks on the register are identified using analysis of previous data, interview and lists (Uzulans, 2016). An ID number is assigned to managed individual risks and gain consistency (Uzulans, 2016). The tabular form of a risk register presented in Appendix B is constructed to present the qualitative risk analysis detailing the probability of identified risks occurring, its level of impact to the project. It also illustrates the quantitative analysis with data regarding risk description, risk category and identified triggers. The section on the risk register labeled response enumerates proposed reaction and solutions in the event the risks do present and occur.
Conclusion
To sum things up, project management involves a variety of processes that can overwhelm the project leaders and its team members. Thus, proper utilization of project management tools is important. Two tools presented include the RACI chart and the Risk Register. The RACI chart specializes in clarification of team member roles and responsibilities. It aids in problems with people processes by preventing ambiguous division of labor or tasks and fostering accountability. The Risk register on the other hand, is a tool use to improve the project planning process. It helps identify project risks and provides both quantitative and qualitative analysis to help project managers and their team members prepare and formulate solutions in the event of occurrences. Both RACI chart and Risk register are useful tools in improving project management processes. With appropriate and synergistic use, they can increase the likelihood of project success.
Appendix A: Responsible. Accountable, Consulted, Informed (RACI) Chart
R=Responsible A=Accountable C= Consulted I=Informed
Project tasks- Major Project Manager SurgiNet team Biomed Go-live team Project initiation RA – – – Project Planning RA CI CI I Site preparation CI RA I – Device Installation CI RA I – Application Construction CI RA – – Implementation RI RA I I Project tasks- Minor Project Manager SurgiNet team Biomed Go-live team Identification of project through evaluation and recommendation RA – – – Development of project scope document RA – – – Construction of project charter RA – – – Obtaining signature and approval for the project charter RA – – – Selection and formation of the project team RA I I I Identification of resources and budget proposal RA CI CI CI Submission of budget for approval RA – – – Project Kick off Meeting RA I I I Identification of targeted sites for the SurgiNet Anesthesia Project RA CI CI – Obtaining identified worksite schedules CI RA I – Evaluating rooms for needs such as: outlets, modems, routers I RA I – Finalize schedule for site construction and device installations I RA I – Installation of bedside monitoring equipments CI RA I – Installation of additional…
