Risk Management Strategy Coursework Example | Topics and Well Written Essays - 750 words

Risk Management Strategy - Coursework Example However, this is not usually the case since sometimes risks emerge that creates an impact on the delivery, costs, schedules and performance of the project (Greenhalgh et al., 2010: p. 4). This therefore requires the project team to device an effective risk management plan to deal with the emerging uncertainties. A risk is any uncertain event whose occurrence affects the performance of a project. A risk management strategy describes the specific management techniques and standards to be applied and the responsibilities for achieving an effective risk management procedure. The objectives of this risk management strategy is to protect the organisation, employees, clients and any other volunteers who are involved in the implementation of the NHS Summary Care Record (SCR) project (Goundrey-Smith, 2012:p.67). The scope of this risk management plan includes the process of identifying, analyzing and managing risks. This risk management plan provides guidelines on performing, recording, monitoring and reporting risk management activities throughout the project life cycle (Greenhalgh et al., 2010: P.7). Risks related to the use of SCR systems must be identified and documented appropriately using the PRINCE2 project management method. The various risks and threats that may emerge as a result of using electronic systems to store and manage patients information must be identified and mitigated appropriately(Greenhalgh et al., 2008: p.3) A good risk management strategy for SCR stipulates the procedures for identifying the risks, assessing the impact of the risks, planning for the risks, implementing the strategy and communicating the strategy to the people concerned(Goundrey-Smith, 2012:p.32). The project co-ordinator/ manager will work in collaboration with the project team to identify, analyze and manage risk during the project life cycle. The following sections outline the various steps to the project