Risk Paper- Project Management
Introduction
In 2007, when I completed my undergraduate in radiation therapy, I told myself that after practicing radiation therapy for the three years I was going to go back to school for a graduate degree. Having worked in the healthcare industry for thirteen years by then, I realized that the only way I was going to advance in a technical field was if I went back to school and got a graduate degree. When I set this goal, little did I know that going back to school as an adult and with a family would present itself with a lot of challenges? The decision to return to school to earn a masters degree is important to me, because it was one of the hardest decisions that I had to make in my life. In making this decision, I had to look at the benefits and challenges. After carefully looking at the benefits and the challenges, with the help of my family, I eventually decided that, it would be more beneficial for me to go back to school. The decision to go back to school was made with careful consideration because of the risks that the decision came with, and also of how tough the road ahead was going to be. This paper will discuss how risks were identified, ranked, and monitored for the decision to return to school to earn a masters degree.
The Decision to return to school to earn a Masters Degree
The only way I was going to advance in my career was by getting a masters degree because everyone in my line of work has a Bachelor’s degree. In order to make an informed decision of returning to school to earn a masters degree, I carried out a risk management plan because I was going to face a lot of challenges. “Risk management is the management of tasks that identify, analyze, assess, monitor and communicate regarding risk. Risk management attempts to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.” (Cooper, Grey, Raymond, Walker, 2005, pg 2 &3). For me, when I looked at the
In 2007, when I completed my undergraduate in radiation therapy, I told myself that after practicing radiation therapy for the three years I was going to go back to school for a graduate degree. Having worked in the healthcare industry for thirteen years by then, I realized that the only way I was going to advance in a technical field was if I went back to school and got a graduate degree. When I set this goal, little did I know that going back to school as an adult and with a family would present itself with a lot of challenges? The decision to return to school to earn a masters degree is important to me, because it was one of the hardest decisions that I had to make in my life. In making this decision, I had to look at the benefits and challenges. After carefully looking at the benefits and the challenges, with the help of my family, I eventually decided that, it would be more beneficial for me to go back to school. The decision to go back to school was made with careful consideration because of the risks that the decision came with, and also of how tough the road ahead was going to be. This paper will discuss how risks were identified, ranked, and monitored for the decision to return to school to earn a masters degree.
The Decision to return to school to earn a Masters Degree
The only way I was going to advance in my career was by getting a masters degree because everyone in my line of work has a Bachelor’s degree. In order to make an informed decision of returning to school to earn a masters degree, I carried out a risk management plan because I was going to face a lot of challenges. “Risk management is the management of tasks that identify, analyze, assess, monitor and communicate regarding risk. Risk management attempts to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.” (Cooper, Grey, Raymond, Walker, 2005, pg 2 &3). For me, when I looked at the
References: Cooper, D, Grey, S, Raymond, G., and Walker, P., (2005). Managing Risk in Large Projects and Complex Procurements. Publisher: John Wiley & Sons Ltd, The Atrium, Southern Gate, Chi Chester, West Sussex PO19 8SQ, England Michigan State University. Risk Assessment Matrix Process (2004). Retrieved from http://www.cip.msu.edu/ComFacRAM-HowtoUse.pdf