NR631 Week 7 Risk Management and Human Resource Management Plans
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.
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.
SOLUTION
Risk Management and Human Resource Management Plan
Risk management involves the controlling of risks and potential threats surrounding a given project. In project management, a risk is anything that can bring a positive or negative impact. The positive impact directly benefits the project, while the negative impact is disastrous to the project’s success. Though not all the identified risks may occur in the future, a project manager must be ready for them.
Risk management plan and risk register
A risk management plan outlines how the risk management process is executed, taking account of tools, funds, and techniques applied in risk identification, assessment, mitigation, and monitoring (Raydugin, 2013; Smart, 2021). A risk register is a component of the risk management plan in which a project manager documents all the information related to risk identification………..please follow the link below to purchase the solution at $15
