Understand the business model
Identify, assess, prioritize, link and report risks
Determine the appropriate risk responses
Determine Capabilities to manage risk and implement risk responses
Implement risk monitoring and internal audits programs. The three basic steps to select the best project management include: ensuring the basic project essentials are in place and mesh well with other projects and how the company executes the projects, examine, evaluate, and add appropriate advance project engineering and business related offerings, and interview those persons about to be hired, (Nita, 2007). Risk assessment and management includes: planning how risk management will be dealt with, assigning a champion, maintaining a live project data base, and summarize the planned risks and mitigation techniques needed. Project management is carefully planned and organized effort to accomplish a specific task. Project management includes developing a project plan, what resources are needed, and associating budgets and timelines for completion. It is important to stay on the path, following the major phases to remain focused and ensure success. Many companies have dealt with project implementation and have great examples of what Friar Tucker will need to do to make a sound project selection that can be successful.
Project Management Team -
References: American Airlines (2008). Customer Commitment. Retrieved April 12, 2008 from www.aa.com March 2, 2008 from www.globalcrossing.com Gray, C Passage, N. (2006). Pick the right team for an EMR home run. Behavioral Healthcare, l26(4), 44 Weinstein, M. August 2007. Focus on Retail: Training for Changing at Macys. ManageSmarter.com (retrieved April 10, 2008).