Risk Management Plan

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Risk Management Plan

Risk Identification

In risk management, the foremost step involves engaging in risk identification. In order to understand the uncertainties that the employees stand to face, it is imperative to first comprehend the level of hazard that they are exposed to via identification. In this case, a survey of the respective Intensive Care Unit area illustrates that different risks exist. These risks comprise:

• Inexperience exhibited by the staff due to the new technologies implemented and used in the respective location
• Potential tensions between the nursing faculty and the male physicians attending to the patients within the ICU section
• Reluctance between the nursing faculty and physicians in identifying the main reasons responsible for the behavioral changes between both parties

Risk Analysis

A qualitative approach will be applied in order to conduct an impeccable risk analysis. The technique implemented utilizes a medium based solely on effect and possibility. Every risk will undergo assessment in order to ascertain the effect, the potential nature of the risk to occur or recur, and the period. In addition, the assessment of the risks will also take place in relation to other associated risks that may be derived if the respective uncertainties occur. Additionally, each risk will be assessed in terms of the possible implications that they can cause if not resolved. On the other hand, the implications can also be used to assert if the system in place is capable of mitigating the risks.

Risk Planning

In this case, planning or management of the risks involves the recognition of actions or inactions that are chosen for the sole aim of handling certain risks effectively. In this case, the risks that have been recognized within the ICU area will be managed accordingly, specifically in relation to the results of the analysis. Additionally, specific management measures will undergo selection particularly after the possible effects on the operations of the overall healthcare unit are affected. Additionally, the type of action that is suitable for managing the risk will be selected. However, this will solely depend on the nature of the risk evident in the campus’ medical site. In addition to this, risk planning will allow the uncertainties present in the ICU area to undergo mitigation through the introduction of new strategies aimed at gratifying the approach’s shortcomings.

Risk Mitigation

After planning for the risk, the next step will involve risk mitigation. Mitigation usually involves the establishment of procedures or processes dedicated at restricting risks from taking place. In other instances, the application of mitigation approaches may focus on the covering of the implications that may arise if the risks continue. In this respect, the measures toward risk mitigation will focus on understanding the causal factor responsible for the uncertainties. In addition, the procedure for risk mitigation will involve establishing measures that control the tensions occurring between the nursing faculty and the physicians within the ICU area.

Risk Control

In this case, the final step involves the establishment of an immediate foothold on the risks that are taking place within the healthcare setting. In this respect, different measures will be implemented in order to control the uncertainties that may take place, especially if mitigation fails to secure them. In addition to this, the procedures for risk control will concentrate on the source of risk. This will allow the respective technique to determine control of the respective uncertainties.