Managing Risk

Managing Risk

To prepare for this Discussion, read the following project scenarios and select one for which to post a response:

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Scenario 1

You are the project manager for the implementation of a new e-prescribing system at your health care organization. You and the rest of the team are actively engaged in project planning, working toward creation of the project charter. As part of this process, you need to first define how the team will conduct risk management activities for the project, then identify and plan for potential risks that could be encountered during the project. This high-profile project not only involves a significant financial investment from the organization, its successful implementation is also critical for the organization‘s providers to be in compliance with federally mandated e-prescribing standards for Medicare patients.

OR

Scenario 2

You are a member of the project team for a computerized physician/provider order entry (CPOE) system installation that your hospital’s CEO has stated absolutely must be completed by the end of the current fiscal year. The project has been underway for months, and an organizationally suitable system has already been selected and acquired from a vendor and subsequently customized to meet the clinical and functional needs of the system end users. Two weeks before the CPOE system is scheduled to begin going live through a phased rollout to end users, you learn that the project manager has been allowing the IT staff to take shortcuts during the system’s pilot testing to be able to meet the scheduled milestone dates for the implementation. As a business analyst, your involvement in the project is primarily budget-related, so you are not sure how these actions may impact the project technologically. However, it seems that these actions have kept the project on schedule and the IT staff reports that the new system is working well.

By Day 4, for the scenario that you have selected, post a comprehensive response to the following:
How would you approach risk management for the situation in the chosen scenario? Identify which scenario you selected, then explain the approach you would take and your reasoning for taking this approach.

What are two potential risks to the project that could be encountered in this scenario?

How might each of these risks potentially affect the project and/or impact the project objectives?

How would you mitigate these potential risks? What action(s) would you take as part of the planned response for each risk?