Risk Assessment

Risk Assessment and Management Plan

[Name of the Institute]

Part 14

Introduction4

Discussion5

Risk Plan6

Objectives of the Risk Planning7

Risk Assessment8

Identification of the Risk8

Operational risk8

Technical Maturity9

Acquisition drivers9

Decide How Risk Harm the Company10

Analysis of Risk11

Quantitative Analysis12

Risk Treatment13

Monitor and Review the Risk14

Evaluation of Risk15

Why Evaluate Risks?16

Quantitative Methods of Evaluating Risk16

Frequency16

Severity16

Expected value16

Qualitative Risk Assessment17

Risk in Nursing Practices17

Hand Hygiene17

Performance of Hand Hygiene19

Intervention19

Patient's Identification20

Hospital-acquired infections (HAIs)20

Communication/escalation21

Medication administration21

Clinical alarms21

Infusion Pump Safety22

Part 223

Analysis of Standard AS/NZS 4360:200423

Weaknesses of the Standard AS/NZS 4360:200424

Strength of the Standard AS/NZS 4360:200424

Conclusion24

Appendices Table 10.2 Risk register example26

Table 10.126

Table 10.3 Risk register example27

Table 10.4.128

Table 10.4.228

Table 10.4.329

Table 10.4.430

Table 10.4.531

Table 10.4.631

Table 10.4.732

Table 10.4.833

Table 10.4.933

Table 10.4.1034

Risk Assessment and Management Plan

Part 1

Introduction

A risk assessment and periodic reviews of the processes and is important in the organization to reduce the risk pertain in the industry. To evaluation of risk and degree of the harmfulness is important phase and responsibility of business management.

In every organization, internal and external business risk factors are involved by which one can deviate from the mission objectives of the company to achieve them. The factor of uncertainty is also included in organizational chart of mission and objective plans. Involvement of risk activities in all phases of business, the responsibility of the leaders and managers to anticipate, evaluate and formulate the risk reducing strategies that can harm the business structure minimum. Throughout the process of organizing the business courses the business management consult and communicate with their stakeholders, and timely review the risk and monitors and modifies the risk. This process and standard describes the systematic and logic operational activity of the management in detail.

Though all organizations manage the risk to some extent about to their strength, here we will discuss about the ISO standards for risk management and assessment AS/NZS 4360:2004, ISO 31000:2009 for organizations operating locally or internationally. International Organization of Standardization (ISO) defines the standardization operational activity plan regards to the business operations, however they are environmentally or operationally are not meeting the format and continuously creating harmful circumstances. Legally or illegally, intentionally or unintentionally, eventually they are harmful for organizations and environmentally as well.

The AS/NZS 4360:2004, is the Australian and New Zealand's collaborative approach and standardization format about the risk assessment and management in organizations. The standard establishes a number of principles that needs to be reviewed before the crises management cells recover the risk in to the organization. To measure the risk occurrence factor effectively, organization must have the better understanding and the agenda that incorporate the process to handle the risk that prevail in to the organization and overall supremacy, management reporting process, evolution process and criteria, strategy and planning, culture and values.

Risk management can functional throughout the whole organization processes, to the management's levels and areas, activities, projects and specific functions. While the application of risk management has develop over time and within many sectors of management to meet the diverse needs, they have to adopt the certain comprehensive and consistent processes that it assist to ensure that risk managed efficiently, coherently and effectively in the ...