Risk management

11/6/2020 Originality Report

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SafeAssign Originality Report Fall 2020 - Info Security & Risk Mgmt (ISOL-533-B07) - Second Bi-Term • Project Part 1 Task 1: Risk Management Plan • Submitted on Sun, Nov 01, 2020, 10:06 AM

Shreyansh Prahladbhai Patel View Report Summary

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Internet (1) %12

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Attachment 1 Task_1.docx

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Running head: Risk Management Plan 2

Risk Management Plan 2

Risk Management Plan – Task 1

Shreyansh P Patel

University of the Cumberlands

Info Security & Risk Mgmt

ISOL – 533- B07

Dr. Louay Karadsheh

November 1, 2020

Risk Management Plan

Develop and provide an introduction to the plan by explaining its purpose and importance. There are

numerous uncertainties in projects since its complex nature, and various problems are probable to affect its success (Stanleigh, 2020). The Health Network Inc. necessitates a risk management plan from the

offered data and its predicaments. This risk management plan aims to assist the organization in managing its risks. Also, the plan will enable the organization to be more effective in its operations and services.

Create an outline for the completed risk management plan. The plan will include the definition of risks,

defining like internet threat and loss of data. The plan likewise contains postulations contained in the company operations and the breakdown of risk structure. This includes breaking down various risk categories of the establishment. The categories involve technical and organizational risks, among

others. It similarly contains an impact matrix to offer a comprehensive matrix and probability definition utilized by the risk register. It will also include confidence estimations; they are crucial for discussion by the administration and scrutiny objectives. Lastly, the register encompasses the company's most important risks or is probable to experience and how they ought to be managed.

Define the scope and boundaries of the plan. The scope will include all the organization's operations

and determining whether there any threats. The healthcare facility's machines and equipment will likewise be evaluated to observe any risk or may encounter any risk that could affect the company. Other

deliverables, which ought to be offered, consist of organization documents, budgets, communication plans, and process workflow charts. Research and summarize compliance laws and regulations that pertain

to the organization. In healthcare, regulatory compliance ensures the operations involved in medical

services follow the regulations, specifications, guidelines, and laws pertinent to its procedures. Failure to adhere to such laws results in federal fines and legal punishment. Thus, risking the patient's information through different ways is deplorable, and it is a risk for the organizations. Other vital statutes to

comply with involve the FISMA, HITECH, as well as Fair and Accurate Credit Transaction Act (FATA), among others. Identify the key roles and responsibilities of individuals and departments within the

organization about risk management. The company's managers are responsible for availing the project's resources and checking with the project manager. Besides, the project manager ought to safeguard the project's general management and co-ordinate the whole project team. Also, the risk management team must detect any possible risks. Likewise, they have to evaluate and create strategies for executing it.

Develop a proposed schedule for the risk management planning process. · Week 1- Risk detection

grounded on different classifications. · Week 2-Risk assessment and regulating the impact of every risk to the company. · Week 3-Risk alleviation and selecting proper strategies for managing risks · Week 4- Contingency plan such as project fund allocation.

Create a professional report detailing the information above as an initial draft of the risk

management plan. This is the original draft of the risk management plan. Many activities will be

performed, as depicted. Likewise, the project is likely to comply with the regulations and laws governing healthcare companies. The project will be performed in stages to allow the team to plan appropriately and guarantee that all risks have been managed with proper tactics.

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11/6/2020 Originality Report

https://ucumberlands.blackboard.com/webapps/mdb-sa-BB5a31b16bb2c48/originalityReport/ultra?course_id=_134655_1&includeDeleted=true&attem… 2/2

Stanleigh, M. (2020). Risk Management. the What, Why, and How | | Business Improvement

Architects. Retrieved 22 May 2020, from https://bia.ca/risk-management-the-what-why-and-how/

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Word Count: Submitted on: Submission UUID: Attachment UUID: 612 11/01/20 c95b2ea6-3c5e-2f13-050d-3fa526a9bfd7 d2cfef49-041b-2241-3c07-93f250401523