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Risk Identification and Response Planning

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Offer an innovative method for risk identification and response planning. This method may be from an experience or research you think meets sound risk management principles.

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https://brainmass.com/business/strategy-and-business-analysis/risk-identification-and-response-planning-549171

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It is difficult to fully assess risk and plan for all scenarios, therefore, the most innovative method I've seen and utilized in my professional practice is to take immediate actions once a risk is identified to prevent it from recurring in the future. This may mean retraining the staff or revising processes.

My organization is a healthcare system that cares for indigent individuals. Due to the high volume of patients currently in the system and the overwhelming ...

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This solution explores an innovate method for risk identification and response planning.

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Project Management

Part # 4
(1) For your selected project, complete the following:
1. Develop the work breakdown structure for one aspect of the project.
2. Identify the resource requirements.
3. Select the rates associated with the resources.
4. Using analogous estimating, parametric modeling, or bottom-up estimating provide a cost estimate for the work identified

(2) Characterize the relationship between budgeting and risk analysis. Determine the different types of resources that require planning
Part #5
1. Per Deming, "Quality is everyone's responsibility," what is strategic quality management and how does it impact the project environment?

2. Define the six quality management concepts that support projects and explain their impact on project management.

3. Write a brief essay in which you describe the use of the following seven quality tools:
1. Flowcharts
2. Check sheets
3. Histograms
4. Cause-and-effect analysis
5. Pareto analysis
6. Scatter diagrams
7. Control charts

(4) 1. How should the cost of quality be factored in to the project budget process?
2. Describe impact of quality initiatives on the project schedule?
Part # 6
(1) Write a brief essay describing how checklists, flowcharts, and interviews are used to identify risks.

(2) 2. Define the inputs to risk identification. What tools and techniques will need to be implemented on the project to ensure that adequate input is received?
3. Identify the potential risks, which can affect your selected project. Will you use avoidance, transference, mitigation, or acceptance to deal with these?

(3) Prepare an outline for a risk management plan for your project.

(4) 1. What types of risk have the most potential impact on your organization?
2. Is risk management an accepted part of project management efforts in your organization? If it is not, what should you do to highlight its importance?

Part # 7
(1) 1. Describe how purchasing relates to the work breakdown structure (WBS).
2. Why should the project team consider market conditions?

(2) Develop a statement of work (SOW) for your project. Use sufficient detail to allow prospective sellers to determine if they can provide the item or service you require.

(3) Describe how make-or-buy analysis can be most effectively used?

(4) What legal issues need to be considered when releasing items for bid?

(5) Create a force field analysis for your project

(6) List the predictors for project success that apply to your environment.

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