Tracking Risks from Start to Finish

Kenneth has 14 years of healthcare experience in government and private industry. Over eight years of experience managing healthcare IT projects, operations, contracts, and personnel. His work experience includes project management, contracts and procurements, data analysis, claims adjudication, business writing, and business process modeling. Kenneth was certified in 2006 as a Project Management Professional.

  Risk Management  

Risk management can be a tricky business. After all, you are dealing with “what if” and “might be” instead of concrete tasks and hard baseline dates. But managing risks might just be the thing that saves the project from running too long or failing completely.

Risk management should be done even though you are just dealing with things that might never happen at all. It may seem nebulous and ethereal to the stakeholders, but it’s necessary if the project manager is going to stay on top of the project and keep everything working well. A thorough and approved process that tracks the risks from start to finish should be used throughout the entire project lifecycle.

1. Risk Creation: The first step in risk management is always the identification and creation of a risk. Anyone on the project should be able to create a risk—although not all risks need to be accepted or flow through the entire process.

It is important to make sure there is one person that will take the lead on managing risks. While the entire project team needs to be able to identify and create risks, only one person should be managing the entire process so that things do not seep through the cracks and there is visibility on all of the risks with the correct stakeholders. The risk manager should make sure that once risks are created, they are tracked in whatever tool …

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