Risk Management

Project failure is frequently attributed to unforeseen circumstances (i.e., risks) that emerge during the different phases of a project. Though project managers may be unable to fully anticipate all risks, they can make provisions for addressing potential risks that may arise in later phases of a project. It is essential to continually weigh and mitigate risks. But what about cases in which risk is deliberately increased in an attempt to reach a desired outcome?
In this Discussion, you consider a scenario in which these questions arise. Based on the scenario, you generate strategies for mitigating potential project risks.
Review the following scenario:
You are part of a project team that has been deployed by your supervisor, Gloria, to an off-site customer for the implementation of a healthcare information technology (HIT) project that must be completed on time to coincide with the opening of a new hospital wing relying in part on this new technology. You learn that Mike, the project manager, has been ordering shortcuts on testing to meet the deadline. You can see that Mike’s actions keep the project on schedule and the product seems to work well, but you are concerned about the additional risk caused by the shortcuts.
Post an explanation for how you would respond to the situation described in the scenario. Identify potential risks to the project dependent on your action and/or inaction. Explain strategies you might use to mitigate the risks you identified. Explain whether it may or may not be beneficial to accept or increase risks in order to meet project goals. Justify your response.

Resources:
Risk managements’ communicative effects influencing IT project success
https://doi.org/10.1016/j.ijproman.2011.09.003
and others in file section