Risk Management Plan
Lectocomp
Electronics
Manufacturing
Risk Management Plan for Lectocomp Electronics
A risk management plan for the project to develop the integrated circuit boards for the medical device industry has been prepared by some of the members of the risk management team which include: (1) Joseph Lewis, Project Leader, (2) Dax Tahir, Project Team Member, (3) Ann Waye, Project Team Member, and (4)Autumn Ghattas, Project Team Member. In addition to these four individuals, the risk management team also includes all departmental team managers from Lectocomp. Our new quality manager has been appointed as the risk response tracking coordinator.
The risks that threaten a business are constantly changing and increase in complexity. That is why it is so important to have a viable risk management plan not only for our project but for the business as well. It is important that in developing our plan that we: (1) identify the threats or events that may affect the continuity of the project, (2) prioritize and set risk thresholds, (3) evaluate the tactics and the costs associated with the various proposed treatment plans for preventing or reducing the risks, (4) establish processes that will make us ready for regulatory audits, and (5) make informed decisions on how best to mitigate the risks of the project (Risk Readiness Assessment, 2005).
Risk identification, monitoring and resolution are key tools for successfully completing a project. Part of controlling a project during the management phase is to have an established risk management process. This process is a primary part of project planning and is kept current until project closeout. To be thorough and comprehensive our risk management plan must include the following items:
1. Risk methodology:
Risk methodology is the body of practices, procedures and rules that will be used to asses the risks of this project. The risk management process is used to ensure that the level, type and visibility of risk are
Electronics
Manufacturing
Risk Management Plan for Lectocomp Electronics
A risk management plan for the project to develop the integrated circuit boards for the medical device industry has been prepared by some of the members of the risk management team which include: (1) Joseph Lewis, Project Leader, (2) Dax Tahir, Project Team Member, (3) Ann Waye, Project Team Member, and (4)Autumn Ghattas, Project Team Member. In addition to these four individuals, the risk management team also includes all departmental team managers from Lectocomp. Our new quality manager has been appointed as the risk response tracking coordinator.
The risks that threaten a business are constantly changing and increase in complexity. That is why it is so important to have a viable risk management plan not only for our project but for the business as well. It is important that in developing our plan that we: (1) identify the threats or events that may affect the continuity of the project, (2) prioritize and set risk thresholds, (3) evaluate the tactics and the costs associated with the various proposed treatment plans for preventing or reducing the risks, (4) establish processes that will make us ready for regulatory audits, and (5) make informed decisions on how best to mitigate the risks of the project (Risk Readiness Assessment, 2005).
Risk identification, monitoring and resolution are key tools for successfully completing a project. Part of controlling a project during the management phase is to have an established risk management process. This process is a primary part of project planning and is kept current until project closeout. To be thorough and comprehensive our risk management plan must include the following items:
1. Risk methodology:
Risk methodology is the body of practices, procedures and rules that will be used to asses the risks of this project. The risk management process is used to ensure that the level, type and visibility of risk are
References: Cooper, D., Grey, S., Raymond, G., and Walker, P. (2004). Project Risk Management Guidelines. New Jersey: John Wiley and Sons, Inc. The Risk Management Guide. (2006). Retrieved on April 3, 2006 from the World Wide Web: http://www.ruleworks.co.uk/riskguide/risk-identification.htm Risk Readiness Assessment. (2005). Retrieved on April 5, 2006 from the World Wide Web: http://www-1.ibm.com/services/us/index.wss/offering/bcrs/a1009190