Risk Management model for Mitigation Essay Example | Topics and Well Written Essays - 500 words

Risk Management model for Mitigation - Essay ExampleHowever, on that point is an effective method of developing a records heed system first, it is crucial to determine the risks associated with the system. After identifying them, therefore determine the probability of the risks occurrence. After the risks occurrence capability, the potential impaction of the risk should be analyzed. Next, each risk should have a response (mitigation) to counter it, if it occurs. This will principal the management to establish risk controls that can apply in suppressing the occurrence of risks, and finally, it is important and critical to happen track of the risk controls through measuring effectiveness, and observe them closely (Rush & Vednere, 2014).Taking the U.S. Department of Education as a case study, the following steps can apply in reducing the risks associated with records management ( faculty A1 School Records, 2014). There should beSome records management externalizes collapse due t o ignorance of the managing parties to figure out signs that call for danger. Such include poor scoping of duties, roles and objectives, improper communication within the project, lack of a strong project manager, failure to weigh input and output metrics, a weak contingency or assessing plan, and losing track of the boilers suit objectives (Haughney, 2014). These signs, if put into consideration, are a sure way of avoiding failure in a data management project.This is in regards to your recent letter requesting for an insight into the importance of our risk-based approach to effective record management. We are enkindle in advising our clients on quality services.Our model of records management works by highlighting the risks that your company energy face in the practice and comes up with means of preventing, countering, or minimizing their potential effects. In addition, it comes with a monitoring and evaluation mechanism, hence enabling prediction of oncoming events (cite).This