RISK MANAGEMENT PLAN pro p1 t1

1. INTRODUCTION Health Network, Inc. is a health service organization whose existing risk management plan is outdated and I have been assigned as an IT intern to develop a new risk management plan for the organization. Risk management plan is developed to identify potential risks of the Health Network Inc. It also includes evaluating the identified risks and providing mitigation actions for each of the identified risk. It requires regular update throughout the life cycle of the organization as new risks are always identified. The purpose of the risk management plan is to provide the procedure to manage and control the risk. Risk management plan could be explained with the phrase “ Plan your work and work your plan”. Risk management plan is important for every organization because if an organization does not consider the risks , the organization cannot possibly achieve its goals and objectives if any of these risks are encountered.