Application of Risk Management to a Project Individual Risk Management Plan (RMP) Objective The goal of the Individual Risk Management Plan (RMP) is to select a project and then to create and detail a risk management plan that would support that project. Guidelines The Individual Risk Management Plan is due by the end of Week 4 and should be 10 to 15 pages long without counting cover page, reference page, or appendix. The Individual Risk Management Plan will be graded on quality of research topic, quality of paper information, use of citations, grammar, and sentence structure. Papers must be in 12-point font, double-spaced, and must include a cover page, table of contents, introduction, body of the report, summary or conclusion, and works cited. All DeVry University policies are in effect, including the plagiarism policy. Even though this is not a scientific-type writing assignment, and is mostly creative in nature, references are still very important. At least six authoritative, outside reference citations are required in APA format (anonymous authors or web pages are not acceptable). These should be listed on the last page, titled References. Any questions about this paper may be discussed in the Course Q & A Forum. You will create Individual Risk Management Plan for a project of interest to you, defining how to conduct risk management activities for the project. When selecting a project, avoid picking one that is either too big or too small. For example, do not decide to build a new stadium for your local sports team (too big) or to plant your summer garden (too small). For this course, you should select a project that has 4 to 6 milestones with 15 to 25 tasks or activities in total. If you have any questions about the suitability of your project selection, please follow-up with your professor for his or her guidance. If you are confident in your project selection and feel that you will not have any problems creating the deliverables mentioned below, you are not required to submit your project idea to your professor or obtain approval to proceed. The Individual Risk Management Plan for your project must apply risk management processes learned from both of your textbooks, describing how risk management activities will be structured and performed. The document may include the following points: Risk Strategy: Describes the general approach to managing risk on your selected project. Methodology: Define the specific approaches, tools and data sources that will be used to perform risk management on the project. Roles and Responsibilities: Defines the lead, support and risk management team members that may be required for each type of activity described in the RMP and clarifies their responsibilities. Funding: Identifies the funds needed to perform activities related to Project Risk Management. Establishes protocols for the application of contingency and management reserves. Timing: Defines when and how Project Risk Management processes will be performed throughout the project life cycle and establishes risk management activities for inclusion into the project schedule. Risk Categories: Provide a means for grouping individual project risks. Stakeholder Risk Appetite: An expression of measureable risk thresholds that provide the level of overall acceptable project risk exposure. Probability and Impact: Definitions of probability and impact levels for both negative and positive risks. Reporting Formats: Define how the outcomes of the Project Risk Management process will be documented, analyzed and communicated. Tracking: How risk activities will be recorded and how the Risk Management process will be audited. Sample Outline of Typical Paper Title Page Table of Contents Introduction Project Management Plan Components Conclusion References in APA format Grading Rubric for Individual Risk Management Plan CategoryDescriptionPointsCover Page, TOCCover page and table of contents10Documentation and FormattingSupporting documentation and formatting of paper10Introduction and ConclusionClarity of introduction and conclusions20Organization and CohesivenessOrganization of paper10Risk Management PlanDoes the plan include the risk management processes as outlined in the text and the PMBOK® Guide?140ReferencesDoes the paper have a minimum of 5 references? Are the references in APA format? Does the paper have a suitable appendix?10TotalA quality paper will meet or exceed all of the above requirements.200

Instructions

Scenario:

You have just been hired as an administrator for a relatively new research-based healthcare delivery organization. This healthcare organization has three facilities in your city and serves at least a million patients each year. Before you came on board, there have been some challenges that have led to significant waste and increasing patient safety concerns. One such challenge cost the organization $5 million as a result of the data breach. In your very first executive meeting, the hospital board members iterated their concerns around the increasing waste and patient safety issues. Apparently, the issue has the potential to significantly hurt an organization’s bottom-line if it continues. Some of the board members believe that the organization will do better if the organization can build a culture of quality that is data-driven.
As a result, you have been charged with creating a strategic improvement plan that includes data collection, data governance, and evidence-based decision-making components.
To ensure that you develop a reliable data governance plan, you have decided to conduct an assessment of your organization’s current practices and to determine if there were any previous concerns about a data breach. During your assessment, you learned that there have been repeated issues around data breach within your organization. In one such incident, over one thousand Personally Identifiable Information (PII) was lost in one of the three facilities that you manage. In another incident, a consultant employed by the organization was able to access patients’ data that they were not supposed to see.
To ensure that you get the buy-in of your board, you decided to put together a PowerPoint presentation that you will deliver to them in your next executive meeting.
In this presentation, be sure to address the following:

A demonstration of the implication of data breach (financial, reputation) to healthcare organizations in the United States.
Legislation aimed at promoting data privacy and security (directly or indirectly)
1. HIPPA Privacy and Security Rules
2. Research regulations
At least three things that need to be in place to ensure improved data privacy and security within the organization
At least three best practices that your employers should adopt to ensure patient privacy is maintained at all times
An appropriate data governance model (chart) that you can create. It should not be the chart previously presented in the course.

Length: 8-12 slides
References: Include a minimum of 5 scholarly resources.
The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course. The writing should integrate scholarly resources, reflect academic expectations and current APA standards

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