Talk:Risk analysis

From Clinfowiki
Jump to: navigation, search

Risk analysis is broadly defined to include risk assessment, risk characterization, risk communication, risk management, and policy relating to risk [1].

Risk Assessment Risk assessment provides a mechanism for identifying which risks represent opportunities and which represent potential pitfalls. Done right, a risk assessment gives organizations a clear view of variables to which they may be exposed, whether internal or external, retrospective or forward-looking. A good assessment is anchored in the organization’s defi ned risk appetite and tolerance, and provides a basis for determining risk responses. A robust risk assessment process, applied consistently throughout the organization, empowers management to better identify, evaluate, and exploit the right risks for their business, all while maintaining the appropriate controls to ensure effective and effi cient operations and regulatory compliance [2].

Risk Characterization The risk characterization step synthesizes all the information gathered in the three previous steps to estimate the likelihood that a hypothetical exposure may adversely impact human health [3].

Risk Communication Risk communication (RC) is a complex, multidisciplinary, multidimensional, and evolving process of increasing importance in protecting the public's health. Public health officials use RC to give citizens necessary and appropriate information and to involve them in making decisions that affect them-such as where to build waste disposal facilities. In its most familiar form, RC is associated with dialogue in environmental health decision-making about such community issues as air pollution, hazardous waste sites, lead, pesticides, drinking water, and asbestos. Risk communication can also help promote changes in individual behavior such as in informing homeowners about the need to check for indoor radon or lead-based paint [4].

Risk Management Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events[5] or to maximize the realization of opportunities [6].

Policy Relating to Risk A risk management policy serves two main purposes: to identify, reduce and prevent undesirable incidents or outcomes and to review past incidents and implement changes to prevent or reduce future incidents. For example, a doctor's office may utilize their risk management policy in order to continuously analyze and improve upon their policies and practices that affect the rate of patients re-admitted due to hospital-borne infections. Knowing how to write a risk management policy is a central part of an organization or business's strategic planning and growth. Follow these steps and learn how to write a risk management policy [7].

References