Discussion prompt: As with any industry, health care has its own set of risks, which must be addressed by the healthcare administrator

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Discussion prompt: As with any industry, health care has its own set of risks, which must be addressed by the healthcare administrator. In chapter 8 of your text, you will find a list of risks associated with project management. Select two risks that you perceive to be the greatest threat to successful project completion. Provide a rationale for your selection and identify the ways in which a healthcare administrator might sidestep some of these issues. Identify at least two other roles within the organization that might help or hinder the healthcare administrator in overcoming these obstacles.

• ALL citations and references needs to be APA 7th edition format. THANK YOU

 

RISKS INVOLVED IN PROJECT MANAGEMENT

It has been suggested that the chance of a complex project surviving and achieving all of the benefits it established early on is around 50% (Lucas, 1999). In other words, one out of every two projects will have issues in some form or fashion that could jeopardize their success. It is crucial that project risks are identified early and that a plan to mitigate these risks is put in place. Any of the following factors can contribute to project failures:

• Long implementation cycles.
• Large dollar commitments.
• New, immature, or innovative technologies.
• Inexperienced employees.
• Lack of project sponsorship or management.
• Lack of formalized documentation or procedures.
• Misuse of tools and techniques for project tracking.
• Lack of training.
• Failure to launch or begin the project successfully.
• Poor communication.
• Changing priorities or scope of project.
• Lack of financial resources.
• Too many or too few people involved in the project.
• Inferior facilitation and coordination in project meetings.
• Organizational politics.
• Lack of preparation or training for a new process or system prior to implementation.
• Lack of alignment between departments.
• No pilot or prototype to prove the concept.

These risks can be mitigated if they are considered early on in the project planning phase and then proactively monitored during each of the following phases. Risks should be documented and necessary adjustments made to all Gantt and CPM diagrams.