NR 631 Week 7 Risk Management and Human Resource Management Plans - Chamberlain College of Nursing/Already Graded A

NR 631 Week 7 Risk Management and Human Resource Management Plans - Chamberlain College of Nursing/Already Graded A 1 Risk Management and Human Resource Management Plans Chamberlain College of Nursing NR 631 Nurse Executive Concluding Graduated Experience 1 2 Risk Management and Human Resource Management Plans The assignment aims to utilize the risk register tool and the responsible, accountable, consulted, informed (RACI) chart. These tools assist with the understanding of risk management and the importance of knowing your human resources. Identifying your risks and efficiently managing your resources is vital to the success of a project. Risk management involves planning, identifying, and controlling risks throughout the entire process of the project. Updates are necessary during the lifecycle of any project [ CITATION Gal17 l 1033 ]. The organization is crucial, and utilizing the most appropriate tools will assist with a project's success. The risk register and RACI chart are valuable tools needed when tracking risks and resources. This paper will address these tools and highlight the key features of each. Responsible, Accountable, Consulted, Informed, (RACI) Chart The Responsible, Accountable, Consulted, Informed (RACI) chart lays out each stakeholder's roles and responsibilities. Understanding the meaning of each component is necessary before delegating to the stakeholders. Responsibility is the stakeholder that will complete the task. Accountability is who will answer for the job, whether they are successful or not. The consulting role is the supportive personal and is known for the skills needed to complete the task. The informed component is the stakeholders that will be notified but not consulted for knowledge [ CITATION Lee l 1033 ]. The RACI template clearly defined the stakeholders' roles and responsibilities and how to report and receive valuable information as the project progresses. The RACI chart is a helpful checklist that may require updating as the project progresses but should be formed appropriately to prevent any delays in the project. Developing the RACI chart early on is a straightforward way to map the process and communication flow from all the stakeholders.