Schedule Planning, Risk Planning, and Risk Control Report

The case of Medical Informatics involves different factors of consideration concerning project scheduling, risk planning, and risk control. Medical Informatics is company that engages with the delivery of healthcare services. The Company has embarked on new product development thus the need to engage in planning in order to identify crucial elements that may be necessary for enhancing expansion in a bid to meet the expected standards. The scope of the project in the company involved the creation of a modular software package that would handle wellness vendor data in a bid to enhance the provision of appropriate preventative care. The establishment of project requires engaging in proper planning to identify crucial aspects such as timeline required for the completion of the project, risk planning, risk control. The consideration of the mentioned aspects helps in enhancing the success of the project, which involves new product development.

Project Schedule Planning 

Schedule planning of a project involves the identification of timelines that would relevant for the completion of the specific aspects of the project. To engage in proper schedule planning in a project, it is important to consider aspects such as the nature of aspects that require to be completed, the time required, the start and finish dates of the project, and the sequence of tasks involved in the project. Based on the case of Medical Informatics, project schedule planning is crucial in a bid to understand the factors that will be necessary to meet the expansion goals of the company. The schedule planning in this case will involve factors such as the establishment of the project plan and plans for resource allocation. The entire planning will require 43days in order to ensure that all the necessary elements of the project are addressed.

Project Risk Planning 

Project risk planning is significant as it helps in foreseeing risks that may have a negative impact on the running and completion of a project. Risk planning involves identification of the risks that may be associated with the project and establishing strategies that may be relevant in preventing the effects of the risk. Considering the case of Medical Informatics, the major risks associated with the project of new product development include delays to achieve goal and objectives defined in the project planning, inadequate workforce to engage in the project due to factors such taking of leave, and inadequate resources from other departments. Considering the risk identified, it is necessary to identify strategies that would be necessary to overcome the risk in a bid to ensure that the project would be successful. The prevention strategies that would be necessary in risk planning include working overtime to avoid the delays, plan leave days for the project team members, and engage other departments in different tasks.

Risk Control 

Risk control in projects focuses on identifying measures that would reduce and eliminate major risks concerning the project development. Risk control involves plans that are based on the project strategies that aim at identifying, assessing, and making adequate preparations concerning potential threats in the project. In the project involving the new product development in Medical Informatics, it is necessary to focus on risk control measures in a bid to ensure that the company would be in a position to face and overcome risks. In that case, the risk control plan would involve a series of steps that are necessary to ensure effectiveness in overcoming risks and engaging in measures to overcome the threats.

Risk Assessment Matrix 

Risks in projects can be assessed based on the level of impact that may be experienced if not controlled. The following risk assessment matrix indicates the level of impact based on the risks anticipated within the project.