This document provides an overview of risk management. It discusses the role of employees in risk management as the "first line of defense" and "eyes and ears" of the organization. It describes unusual occurrences and critical incidents as methods to capture risks, with the goal of reporting and learning. The risk management framework involves risk assessment, profiling organizational risks, and mitigating risks. Effective risk management is a shared responsibility requiring engagement from all levels of an organization through communication in a risk network.
Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.
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Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.
what is the definition of risk management
risk management services
risk management certification
risk management for project management
risk management terms
celgene risk management
risk management framework
risk management jobs
business research topics for mba
mba topics for presentation
mba project topics
mba research topics in management
dissertation topics for mba
mba finance research topics
mba topics on strategic management
thesis topic for mba
Risk Management Process Steps Powerpoint Presentation SlidesSlideTeam
“You can download this product from SlideTeam.net”
Download Risk Management Process Steps PowerPoint Presentation Slides to identify and manage potential business risk. This risk analysis and management PowerPoint complete deck includes content ready slides such as risk management lifecycle, types of risks, risk categories, stakeholder’s management and engagement, risk appetite and tolerance, procedure, risk management plan, risk identification, risk register, risk assessment, risk analysis, risk response plan, risk response matrix, risk control matrix, risk items tracking, tools and practices, risk impact & profitability analysis, risk mitigations strategies, plans, qualitative and quantitative risk analysis, etc. The content given in this Presentation has been researched by our team of experts. All slides are easy to customize. Users can edit these templates as per their requirements. Showcase risk evaluation and analysis techniques with risk response plan PPT Slides. Demonstrate the risk aspect involved in the project using the risk management approach and plan presentation graphics. Our Risk Management Process Steps Powerpoint Presentation Slides come in a fantastic array. They offer a broad canvas of exclusive craftsmanship. https://bit.ly/30Cg1VG
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Summary:
Risk
Risk management
Risk Management process groups
Plan Risk Management
Identify Risks
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Responses
Control Risks
For full text article go to : http://www.educorporatebridge.com/risk-management/risk-management-process/ This article on Risk Management Process outlines the important steps involved in this process and explains them in detail.
Risk Management Process Steps PowerPoint Presentation Slides SlideTeam
It covers all the important concepts and has relevant templates which cater to your business needs. This complete deck has PPT slides on Risk Management Process Steps PowerPoint Presentation Slides with well suited graphics and subject driven content. This deck consists of total of fifty four slides. All templates are completely editable for your convenience. You can change the colour, text and font size of these slides. You can add or delete the content as per your requirement. Get access to this professionally designed complete deck presentation by clicking the download button below.
Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty one slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Risk Identification Powerpoint Presentation Slides complete deck.
Introduction To Risk Management Powerpoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Introduction To Risk Management Powerpoint Presentation Slides. This is a one stage process. The stages in this process are Introduction To Risk Management, Risk Management Overview, Risk Management Outline. https://bit.ly/3jpib2E
Risk Management Process Steps Powerpoint Presentation SlidesSlideTeam
“You can download this product from SlideTeam.net”
Download Risk Management Process Steps PowerPoint Presentation Slides to identify and manage potential business risk. This risk analysis and management PowerPoint complete deck includes content ready slides such as risk management lifecycle, types of risks, risk categories, stakeholder’s management and engagement, risk appetite and tolerance, procedure, risk management plan, risk identification, risk register, risk assessment, risk analysis, risk response plan, risk response matrix, risk control matrix, risk items tracking, tools and practices, risk impact & profitability analysis, risk mitigations strategies, plans, qualitative and quantitative risk analysis, etc. The content given in this Presentation has been researched by our team of experts. All slides are easy to customize. Users can edit these templates as per their requirements. Showcase risk evaluation and analysis techniques with risk response plan PPT Slides. Demonstrate the risk aspect involved in the project using the risk management approach and plan presentation graphics. Our Risk Management Process Steps Powerpoint Presentation Slides come in a fantastic array. They offer a broad canvas of exclusive craftsmanship. https://bit.ly/30Cg1VG
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Summary:
Risk
Risk management
Risk Management process groups
Plan Risk Management
Identify Risks
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Responses
Control Risks
For full text article go to : http://www.educorporatebridge.com/risk-management/risk-management-process/ This article on Risk Management Process outlines the important steps involved in this process and explains them in detail.
Risk Management Process Steps PowerPoint Presentation Slides SlideTeam
It covers all the important concepts and has relevant templates which cater to your business needs. This complete deck has PPT slides on Risk Management Process Steps PowerPoint Presentation Slides with well suited graphics and subject driven content. This deck consists of total of fifty four slides. All templates are completely editable for your convenience. You can change the colour, text and font size of these slides. You can add or delete the content as per your requirement. Get access to this professionally designed complete deck presentation by clicking the download button below.
Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty one slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Risk Identification Powerpoint Presentation Slides complete deck.
Introduction To Risk Management Powerpoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Introduction To Risk Management Powerpoint Presentation Slides. This is a one stage process. The stages in this process are Introduction To Risk Management, Risk Management Overview, Risk Management Outline. https://bit.ly/3jpib2E
Risk Management has been a valuable and essential subject in projects and financial businesses but it is new to health care management. This presentation will help you understanding basics of Risk Managment.
A risk is defined as “an uncertain event or condition that, if it occurs, has a positive and negative effect on a project’s objectives.” Risk is inherent with any project, and project managers should assess risk continually and develop plan to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise. Risk management plans should be periodically reviewed by the project team in order to avoid having the analysis become stale and not reflective of actual potential project risks. Most critical, risk management plans include a risk strategy.
This module on Managing Risk discusses different type of risk that needs to be taken into account by the management while implementing a project. The other topics converged in this module include probability-impact matrix, Risk Quantification; Mitigating/Transferring risk; Risk audits/Review; Sample Risk plan and how to initiate Risk Management Planning.
Risk Management Training Slides.
Slides prepared based on "The Healthcare Quality Handbook" by Janet A Brown. Very useful health care quality reference for CPHQ exam preparation. For more slides, contact ckmujeeb@hotmail.com
I have an excellent referral for a proficient Program Manager and Business Analyst with over 20 years of international experience with companies like Centurylink and British Telecom. She has worked on both Agile and Waterfall methodology supporting multi-million dollar projects for process improvement, new launch, cost reduction, digitization of customer experience, integration, quick wins. She is PMP certified and has completed the pre-requisite training for CBAP, soon to appear for the certificate exam. She has Permanent Residency of Canada and willing to relocate for the right job opportunity.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
2. “The world is not dangerous because
of those who do harm but because of
those who look at it without doing
anything”
Albert Einstein
2
3. Overview
What is Your role in Risk Management
Unusual Occurrences
Risk Management Framework
3
4. Your Role in Risk Management
Employees are first line of defense
Eyes and ears of the organization
Dispelling the Myth
• Risk Management is not a department
• Risk Management is all of our Jobs – It starts with You
4
5. The Role of the Risk Coordinator
◦ Facilitate Risk questions and concerns
Reporting and Learning
◦ Support and work with departments to investigate Risk
concerns
◦ Help identify areas for quality improvement and
communication
◦ Conduct education and training on risk management topics
5
6. High-
High-Level Organizational Risk
Strategic
Financial
Examples:
Operational Preventable barriers to timely
treatment of the patients
Unresolved Staff & Patient safety
Hazard issues
Potential litigation due to unusual
occurrences
6
7. Vision for - Risk Management Program
Decentralized Risk Management Program (i.e. everyone is
involved) – fostering a culture that values reporting and
capturing of Risks / occurrences
Shared understanding of what Risk means to the
Organization
Linkage of a common understanding of Risk to timely
Decisions / Planning / Actions
Targeted supporting processes and tools
Ability to predict / mitigate Risks using a wide variety of
related data and tools
7
8. Unusual Occurrences
One of the existing methods to capture Agency Risks
Goal: Reporting and Learning
Definition: Anything that happens (or almost happens) that
is unexpected or outside of normal operation.
◦ Also Known As: Accidents, Incidents, Adverse Events
◦ Actual or Near Miss
◦ No Harm → Death
◦ Involved parties: patients, staff, visitors, volunteers, students
8
9. Unusual Occurrences
Reporting an Unusual Occurrence
◦ Objective - Reporting and Learning
◦ Anyone can report
◦ The person closest or most aware of the occurrence to complete the
appropriate form
Your first priority is always the patient or person injured / hurt
What do I document?
◦ Just the Facts are documented on the unusual occurrence form (or
other form) and the patient’s medical record
◦ Do not document in the medical record that an occurrence form was
completed
◦ Do not make copies of the form
9
10. Critical Incidents
Saskatchewan is 1 of 3 provinces in Canada with mandatory
reporting of critical incidents, with specific guidelines for
management and reporting to the Ministry of Health
Critical Incident - Definition
◦ “…we mean a serious adverse health event including, but not
limited to, the actual or potential loss of life, limb or function
related to a health service provided by, or a program by, a regional
health authority (RHA) or a heath care organization (HCO)”
Source: Saskatchewan Critical Incident Reporting Guidelines, 2004
10
11. Critical Incidents
Critical Incident Reporting Categories
◦ Surgical Events
◦ Product or Device Events
◦ Patient Protection Events
◦ Care Management Events
◦ Environmental Events
◦ Criminal Events
What do I do if a Critical Incident Happens?
◦ Take care of the patient first
◦ Notify the attending physician or oncologist
◦ Notify your immediate supervisor
◦ Contact Risk Manager via telephone (supervisor)
11
13. Risk Mitigation Tools
Risk Matrix
◦ Risk Likelihood & Risk Severity
Human Factor Analysis
Barrier Analysis
Root Cause Analysis
Failure Mode and Effect Analysis
Process Decision Program Chart
Fault Tree Analysis
13
14. Risk Program – Visual Construct
Risk Mitigation
Agency Risk
(Prospective and Retrospective) Decision Planning Implementation
Risk Event Risk Profile
Internal Risk Trigger
External Risk Trigger
Outcome / End Result / Risk Reduction
Evaluation
Risk Evaluation Prediction
(Secondary)
Trend & Track
Broader
Organizational Level Organizational Risk
Evaluation Profile
Risk Network
• Engages all levels of staff and leadership
• Links strategies to reduce risk
Risk • Supports timely decision making and creation of action plans
Assessment • Strategically evaluates and monitors Risks (local and external)
• Evaluation and Feedback of Risk Mitigation Plan / Strategies
Facilitation
Prioritization
Assign Risk position Trend & Track
on the Risk Matrix
Change Management
Use Organization’s
Strategy & Prior data Communication
Risk Consequences
Shared understanding
What the UO / Risk / Event / Information means to the
Organization?
Working profile based on all available data
Pull the trending profile based on the data entered at earlier stages
14
15. Step 1 Risk Capture
(Prospective and Retrospective)
15
16. Retrospective Risk Capture: Unusual
Occurrences
One of the key existing methods to capture Risks
Goal: Reporting and Learning
Definition: Anything that happens (or almost happens) that is unexpected or
outside of normal operation.
◦ Also Known As: Accidents, Incidents, Adverse Events
◦ Actual or Near Miss
◦ No Harm → Death
◦ Involved parties: patients, staff, visitors, volunteers, students
Provides a good basis for what has taken place (Limitation – Backward
looking)
16
17. Prospective Risk Capture: Risk Alerts
There are many sources of information that can
(and need!) use to help and anticipate or
prospectively capture / Prevent Risk
◦ Active Environmental Scanning
◦ Provincial Risk Management Forum
◦ Ministry of Health Alerts
◦ ISMP Alerts
◦ FDA Alerts
◦ Health Canada Alerts
◦ Insurance providers Alerts
◦ And many Others….
17
19. Scope
Applying Risk Matrix to New categories and
subcategories
Busy Busy
Frontline Manager
staff
member
19
20. Scope
Staff: OOOps! I have
an unusual What a busy
occurrence to report day!
I need a day
off
Busy
Frontline
Busy
staff
member
Manager
20
21. Thank Goodness
that we have an
electronic
system. Now what!
…….Another
I don’t need to occurrence!
waste any time Staff: Wow! I can
now searching for Do I need to act
the right form!
select from the drop
on it today?
downs. And I don’t
need to chase anyone
for sign off or
anything!
Reportin
g
21
22. This is 60th
Scope occurrence of the
month!
QSR – we hate you!
Why did you
developed such an
easy reporting
system!
22
23. Scope
I wish there was a way
to identify which one of
these reports I should
tackle first!
23
24. Prioritization of the Risk!
Adding “Risk” to the discussion
◦ Assessment of Severity / Likelihood for the event in
question at that time
Busy
Frontline
staff Busy
member Manager
24
25. Prioritization of the Risk! There is no
consistency
in
reporting…..
Everyone
uses different
Please tell me words in
precisely how bad their
this event was? description….
Help me prioritize
it.
Busy
Frontline
staff
member
Busy
Manager
25
26. Prioritization of the Risk!
There must
I can rank be a way to
What!
consistently if I captured the
get the
I don’t know
…. occurrence and explained information
anything about what went wrong? to rank the
Risk How else can I help? risks
Reportin
g
Busy
Frontline
staff
member
26
27. Which Risk Matrix?
Risk Matrix
hmm…..
• Used by the staff when initially
completing the occurrence report
What if I
get this
wrong? • Helps prioritize and screen the
occurrence based on the perception
of the person completing the
occurrence.
• Severity or the Risk will be very
much dependent on the occurrence
being reported.
27
28. Which Risk Matrix?
Well,
during
review I
can
discuss
and
reprioritize
..
28
29. Which Risk Matrix?
Well,
Risk Matrix during
review I
• Used by the manager at the end of can
the initial review of the occurrence. discuss
and
reprioritize
• Helps prioritize and position the
..
Risk using the additional information
and knowledge from previous
occurrences
•Severity or the Risk will be very
much dependent on the occurrence What does this mean?
being reported.
29
30. What do you mean by Occurrence
Dependent Risk Severity?
Should these occurrence
have same Risk
Severity?
What are the
similarities?
What are the
differences?
30
31. Linking occurrence events with severity
I wish there
would be
drop downs Please don’t forget me! You
and guide for always say that healthcare
Risk Severity. should be patient centered!
…
Are you reporting something
which relates back to patient-
safety or risk?
31
34. Sample Consequence Table
Based on a shared understanding, definitions represent what
a consequence means for a particular risk (i.e. presented here
for a patient safety impact)
Consequence tables should be developed for other
overarching organizational risk areas
Consequence Category Patient Safety Impact
Critical Service resulting in Patient death. Significant impact on patient care.
Major Service affecting patient care. Patient may experience permanent loss
of body function
Moderate Service affecting patient care. Patient may require additional
treatments and/or experiences temporary loss of body function
Some threat to patient service. Patient may experience delay ( < 15
Minor
days) or experiences minor pain / discomfort (Scale: 3/ 10 ?)
Patient may not experience any noticeable impact
Negligible
34
36. What does our risk data tell us?
Understand Current Capacity
Use Pareto Charts to analyze and review the organizational
Risk Profile.
Identify vital few area – which can result in BIG gains
Create Risk Profile for all organizational services and areas
“There's a way to do it better - find it.” - Thomas Alva Edison
36
37. Expanding Capability with Risk
Management Program
With a shared understanding of risk, and tools
such as the Risk Matrix, Risk Profiling can be
nurtured for multiple benefits:
◦ What does risk X mean in regards to risk Y
◦ Alert generation based on the statistical analysis
◦ Risk understanding becomes a driver for making
system improvements / decisions / strategy
◦ Helps focus patient and staff safety improvements
◦ Allows more informed benchmarking
37
39. Risk Mitigation
Risk that has been quantified and profiled, needs
to also lead to effective mitigation (i.e. Action!)
The RM program should be used in the decision
and planning process
Tools such as following can be developed that
specifically address the following areas:
◦ Roles and responsibilities in mitigation
◦ Levels of authority and decision making
◦ Development and actioning of implementation plans
◦ Monitoring and Evaluation of risk mitigation efforts
39
41. Goal:
A shared infrastructure to enhance support, understanding and
Communication of Risk
The ‘Glue’ that brings all of the processes together
Formalizes a mechanism that enables staff to contribute
their local knowledge and expertise to the
organizational risk program
Links and engages all levels of the organization together
Specifically designed to overcome the common
challenge faced at all levels by being designed to be
conscious of staff time and limited resources
41
42. Risk Program – Visual Construct
Risk Mitigation
Agency Risk
(Prospective and Retrospective) Decision Planning Implementation
Risk Event Risk Profile
Internal Risk Trigger
External Risk Trigger
Outcome / End Result / Risk Reduction
Evaluation
Risk Evaluation Prediction
(Secondary)
Trend & Track
Broader
Organizational Level Organizational Risk
Evaluation Profile
Risk Network
• Engages all levels of staff and leadership
• Links strategies to reduce risk
Risk • Supports timely decision making and creation of action plans
Assessment • Strategically evaluates and monitors Risks (local and external)
• Evaluation and Feedback of Risk Mitigation Plan / Strategies
Facilitation
Prioritization
Assign Risk position Trend & Track
on the Risk Matrix
Change Management
Use Organization’s
Strategy & Prior data Communication Risk Consequences
Shared understanding
What the UO / Risk / Event / Information means to the
organization?
Working profile based on all available data
Pull the trending profile based on the data entered at earlier stages
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