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Nitesh Manocha |
Introduction
Risk is whatever involves risk. Risk can be physical, psychological, health, or financial wealth. Life is full of risks and we all take risk in our lives to be able to move frontward. Risk can be big or small and can be taken intentionally or unintentionally. Riskassessmentrefers to the process by which the short and long-term undesirable consequences to individuals or categories in a particular area caused by the use of specific technology, chemical substance, or natural hazard are motivated (Batterman, 2013). An example of intentional risk would be doing all your assignment but not understanding that you will go away it or not and a good example of unintentional risk is not doing the assignment because you didn't know you had one. So in order to control risk it is very important to involve some kind of plan set up with can reduce the effect of any future risk, this is known as risk management. Therefore risk management is id, examination and prioritization of dangers. A couple of two major ERM programs (ISO 31000 OR COSO) which could be used by any organization as a guideline to reduce risk. In such a assignment I've used ISO 31000 since it is the most-latest one and easy to comprehend.
Question one
Risk management should be well-organized in the business for this to occur the risk director needs to determine the objectives of the organization in order to make a proper plan. This can be done by chatting with the owner or other staff members of the facility. For example one of the main priorities for just about any health specialist is medical and safe practices of its clients and individuals. It is very important to acquire friendly and protected climate for the employees. This is done by doing regular health insurance and safe practices audits and instructing the personnel and the residents about medical and safe practices. This because of this will reduce the percentage of mishaps that happen at the job and make it safer both for clients and individuals.
This can result in contact with lose as they need to put more income and labour into teaching the personnel about health insurance and safety. This may also lead to loss of life or a significant injury. For example there can be a personal injury at the task place if the customers are not transferred from bed to the sofa using a hoist. Using a hoist can become more safe, time useful and consequently will decrease the variety of causalities at work.
Like this there may be various other risks at a healthcare facility so it is the work of the chance administrator to prioritize the highly likely and least likely risk for the business and make the plan accordingly. For example hygiene is vital for a healthcare facility, so that it is very important to the residents to own shower regularly. This risk cannot be tolerated as it will prevent dispersing of diseases and combination contamination. That is one of the fundamental parts of clinic so risk director should follow this first.
Question two
The model that I've used for this task is IOS-31000 to identify the high risk to healthcare business.
It was presented in 2009 2009. It really is a code of conduct which is followed by the business to provide standardized care to the clients. This is utilized by any organization regardless of its aspect, action and segment. This can help the organization to raise the chances of improving their techniques, reaching aims, allocate and use resources. It also provides guidelines for both inner and external programs. This organization can also compare and contrast their risk management policies with an internationally recognized benchmark therefore providing good principles for effective and corporate governance. ISO31000can be applied to any type of risk--with a few provisos. First of all, the new meaning of risk is "the result of uncertainty on objectives". The notes to this is include: "Objectives can have different facets, such as financial, health and safety, and environmental goals, and can apply at different levels such as proper, organisation-wide, task, product, and process. " Thus, an organisation must set targets that are highly relevant to its risk account (Peace, 2009).
There are also other related specifications a few of them are IEC 31010 and COSO. A risk management technique targets risk management. Risk management also helps the organization to understand the risks and make the decisions consequently so it could effectively meet up with the goals. IEC 31010: 2009 also focuses on risk assessment principles and collection of risk diagnosis techniques.
Question three
Risk management process has five different techniques which are first of all identify the hazard, secondly decide who might be harmed and exactly how, thirdly measure the risks and decide on safety solution, fourthly track record your finding and implement them and lastly review your examination and update if required (Five steps of risk diagnosis ).
In discovering the hazard the risk manager should be able to identify the potential risks that are most likely to occur in a healthcare facility. Both ways to recognize risk are retrospective and potential risk.
Retrospective risks will be the incidents that recently occurred, so they can be easy to recognize. This is done by looking at audit information, costumer complaints. Potential risks are those that have not took place before but might happen in the foreseeable future. As compare to retrospective risk this is harder to identify. This can be done by brainstorming, researching and looking at system designs. This can also be done by speaking with the workers or taking a look at the documents of the dangers and make the program accordingly. For instances if falls is one of the major reason behind injury in the hospital then there must be a proper plan set up. This can be done by using moist floor sign, ensuring floor is dried at all times and helping the residents when going to the toilet and offer training if essential to the staff.
Secondly the risk manager needs to make a decision who might be harmed and exactly how. This will help him to know which risk has increased impact than another. The three categories to determine risk levels are qualitative, semi-quantitative and quantitative.
Qualitative identifies the images predicated on some based on some characteristics rather than quantity. It is the most effective approach to examining risk. Semi-qualitative test is the one which doesn't give you the utter amount of analyses in a sample. Lastly quantitative is based on numerical or numerical numbers and quantity rather than the characteristics. For example it does not imply differentiating everyone by their labels, but identifying group. If you share your workplace, you'll need to know your projects affects other staff members or members of public and therefore identifying how they could be harmed.
In the third process of risk assessment the chance is assessed and safety measures are taken. The chance evaluation consists of measuring and contrasting level of risks found during analysis process. Once risk has been discovered it's the duty of risk administrator to decide how to proceed about them. He should be lawful and do everything fairly practicable to safeguard people from harm. For example there is an infection breakthrough in the facility. It's the risk manager's duty to be sure all the residents and works get immunized, all the clothes and bed linens are cleaned properly and make sure many people are safe from the infection and how can they prevent it in future. This can be prevented by using palm sanitizers, cleaning hands regularly, wearing gloves and using other precautions when necessary.
Fourthly taking and implementing the findings. It really is about treating the chance that people not acceptable in the last process of risk assessment. This step is employed to either eliminate or decrease the effect of the chance. Monitoring and researching is a very essential step of the risk management process that will cause positive outcomes for a healthcare facility. Risk must be monitored regularly so that new hazards are captured along the way and are effectively handled.
For example risk examination doesn't need to be perfect but it must be suited and sufficient. A proper check must be made; you will need to ask who might be damaged; you handled the rest of the significant dangers, also took into account the number of people who could be engaged; the safety measures are reasonable, and the rest of the risk is low; and you simply have also engaged your personnel or their representatives in the process.
Lastly review the analysis and update if necessary. At work ultimately, you will see new accessories and steps that may lead to new hazards, so it makes quite definitely sense to examine them. Therefore all the risk management assessment parts are related to keep an eye on and review. For example there's a new hoist at work which works more effectively and fast however the workers do nearly know how to use it. So it is the work of the risk manager to put a plan set up and teach all the employees how to make use of it and review it regularly. This consequently will prevent any future miss-happenings and make work more safe and useful.
Conclusion
This concludes that it's very important for the business big or small to own risk management program and team in place to minimize the risk and for the better expansion of the business enterprise. It could save lives and money and can be hugely profitable for the venture and safe for the employs.
References
http://www. broadleaf. co. nz/graphos/iso31000/iso1. gif
Batterman, S. (2013). Defination. Risk Evaluation, 653-655.
Five steps of risk evaluation. (n. d. ). Retrieved Apr 24, 2014, from Health and Safety Professional : http://www. hse. gov. uk/risk/fivesteps. htm
Peace, C. (2009). ISO 31000. Standard and Deliver, 44-47.
