Cumberland University Health Network Risk Mitigation Plan Paper

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Cumberland University

Description

Risk Mitigation Plan

Senior management at Health Network allocated funds to support a risk mitigation plan. They have requested that the risk manager and team create a plan in response to the deliverables produced within earlier phases of the project.

The risk mitigation plan should address the identified threats described in the scenario for this project, as well as any new threats that may have been discovered during the risk assessment. You have been assigned to develop a draft of this new plan.

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Please view explanation and answer below.Hey buddy 😄 Find attached the assignment document and an outline of what to expectPlease feel free to reach me in case of anything, I'll be happy to provide additional help if you need it

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RISK MITIGATION PLAN

Risk Mitigation Plan

Student’s Name
Institutional Affiliation
Course
Instructor
Due Date

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RISK MITIGATION PLAN
Risk Mitigation Plan
Introduction

A risk can be defined as an uncertain event that can cause a negative or positive
impact if it occurs. The main components of risk management and mitigation planning
include;


The identification of risks



Qualitative or quantitative risk analysis



Planning the appropriate risk responses



Implementing the identified responses



Monitoring and assessing risks in case of occurrence

The project team will follow the principle of one tool to influence practicableness.
The documentation process will be Google Docs or Word to influence the ease of
access for stakeholders and shareholders. The project manager is tasked with the
responsibility of educating the project team and providing them with the necessary
information to analyze the proposed mitigation plan. Healthcare risk management is
comprised of the processes and systems employed when it comes to uncovering,
mitigating and preventing risks.
Risk Identification
The Senior Management at Health Network has provided funds and finances to
support creating a risk mitigation plan. The following section will present the identified
risks pertinent to the project.
Cyber-Threats

RISK MITIGATION PLAN

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The healthcare sector is continuously undergoing changes as new technologies
are being developed and implemented in facility management, patient care and
everyday activity. Additionally, cyber-threats are continuously evolving to adapt and
circumnavigate these changes (Argaw et al, 2020). The primary concerns from these
advancements originate from electronic records and new technological changes being
implemented. Health Network needs to be aware of these cyber-risks as they threaten
the operations of the organization.
Physical Attacks
It is essential to note that the rate of physical attacks is increasing at a significant
rate. The healthcare sector is not immune to these attacks, which necessitate the
importance of Health Network implementing a mitigation plan to help in protecting their
facility. One important factor to note is that these physical security issues place the
employees at risk and the patients. Health Network is increasingly trusted with the
safety and recovery of the patients. The brand reputation will be inherently affected if
these physical security issues were to escalate.
Compliance Issues
The healthcare regulatory environment is increasingly becoming complex putt...

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