Week 7: Risk Management and Human Resource Management PlansSubmit Assignment Due Sunday by 11:59pm Points 50 Submitting a file uploadNR631 W7 Risk Management and Human Resource Management Plan Guidelines and RubricNR631 W7 RACI TemplateNR631 W7 Risk Register TemplatePurposeThe process of project management has five phases: (1) design and initiation, which you just completed; (2) finalizing your plan before implementation, which you will do now; (3) implementation; (4) monitor and control; and finally, (5) evaluation and lessons learned, as well as knowledge transfer.During Phase 2 (finalizing the project plan), you will continue to create the tools and documents you will need when you implement your project as the project manager in Phase 3.Week 4: Communications PlanWeek 5: Deliverables and Critical Success Factors (CSFs)Week 6: Work Breakdown Structure (WBS) and Gantt ChartWeek 7: Risk Management and Human Resource Management PlansIn this assignment, students document, track, and manage a project’s risks and use of human resources. The risk management will be accomplished through the use of a Risk Register chart.Using the Risk Register is a way to identify, document, and manage all the risks associated with a project. The chart details provide an easy way to scan for the level of risk, status, potential responses, and who is responsible for the risk, in addition to the project manager or other details needed to manage the risk. This is a great way to keep everyone informed when this document is presented at the weekly team meetings and in communication with all stakeholders.Another key tool is called the responsible, accountable, consulted, informed (RACI) chart, which helps you identify who is responsible for, accountable for, consulted on, or informed about each major project task. The RACI chart will help manage and track use of human resources; this facilitates monitoring and control and provides one means of communication. It documents and makes clear who is responsible for bringing the task to completion, on time, and on budget.Due Date: Sunday at 11:59 p.m. MT at the end of Week 7Students are given the opportunity to request an extension on assignments for emergent situations. Supporting documentation must be submitted to the assigned faculty. If the student’s request is not approved, the assignment is graded and a late penalty is applied as follows: Monday = 10% of total possible point reduction Tuesday = 20% of total possible point reduction Wednesday = 30% of total possible point reductionIf the student’s request is approved, the student will be informed of the revised due date. Should the student fail to meet the revised due date, the assignment is graded and a late penalty is applied as follows: Monday = 10% of total possible point reduction Tuesday = 20% of total possible point reduction Wednesday = 30% of total possible point reductionTotal Points Possible: 50Course OutcomesThis assignment enables the student to meet the following Course Outcome (CO):CO 1: Apply leadership skills concepts of project management as a nurse executive in an organizational setting to develop, implement and evaluate successful project plans. (PO 4,5)Requirements Complete the Risk Register and RACI documents for your project. Attach them as appendices to a professional, scholarly paper. Grammar, spelling, punctuation, references, and citations must be consistent with formal academic writing and APA format as expressed in the current edition of the APA manual.Preparing the paper All project risks must be identified and added to your Risk Register following the example. Attach them as appendices to a professional, scholarly paper. The RACI chart must provide the responsibility, accountability, consulted, or informed status for each member of the team for all major project tasks following the RACI example. Attach them as appendices to a professional, scholarly paper. Ideas and information from professional sources must be cited correctly using the current edition of the APA manual. Grammar, spelling, punctuation, references, and citations must be consistent with formal academic writing.