Nobody downloaded yet

Risk Management - Research Paper Example

Comments (0) Cite this document
Summary
Risk Management Name: Instructor: University: Course: Date: Introduction Individuals and companies in the contemporary world are always struggling to cope with risk management issues they experience at their work place. Risk management is a process, which involves identification of the probable risk existing in an investment and finding solutions to the eminent risk to suit their objectives and their goals (Joint Commission on Accreditation Health., 2011)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Risk Management
Read TextPreview

Extract of sample "Risk Management"

Download file to see previous pages Identification and Description of Risk Management Issue Medical malpractice is a major risk management issue affecting most teaching hospitals. Medical professionals can define medical malpractice as the inaccurate administration of healthcare services to a patient. In most cases, this always result to harm in patients as the mistakes made by the medical professionals at times can lead to devastating effects like death or disabilities to the patient. In teaching hospitals, most professionals are still students who are undergoing training on various grounds by using the patients who register at the hospital for medical purposes as their tests subjects. The effects of Medical malpractice by a practicing practitioner who is not yet qualified can at times be disturbing because they range from wrong dose calculations, wrong dose prescriptions to wrong injections that the doctor did not prescribe (Baker, 2010). Discussion of Steps That Have Been Set In Place to Address the Issue To address the issue of Medical malpractice in major teaching hospitals, various steps are incorporated. ...
Secondly, the hospitals have employed enough physicians who monitor patients before they undergo medical procedures to avoid Medical malpractice that may lead to excessive pain, emotional distress, or death to a patient. In addition, the physicians explain the rehabilitation process of patient to make them mentally prepared and avoid the emotional distress that are caused by the medical procedure he has undergone. Thirdly, medical professionals are required to conduct a thorough research on the patient’s history to avoid Medical malpractice from the medical professionals’ side that might lead to the unexpected death of a patient. Lastly, ‘failure mode effect analysis’ has been introduced in most teaching hospitals to avoid Medical malpractice that leads to delayed treatment of patients visiting the center for medical purposes, therefore, improving the quality of healthcare services administered to patients (Joint Commission on Accreditation Health., 2011). Discussion of How an Organization Has Determined a Path to Remedy the Problem Organizations have taken various paths to remedy the problem of Medical malpractice by laying emphasis on the patient’s consent before passing patients through various medical procedures that are risky, but are also essential in the diagnosis of a patient’s ailment. The consent allows the medical professionals to touch and administer required medication to a patient, and frees him or her from the discomfort or consequences caused by the treatment administered to patients by will (Joint Commission on Accreditation Health., 2011). The organization has also laid emphasis on the informed consent to make the client aware of the various stages that he or she will undergo while ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Risk Management Research Paper Example | Topics and Well Written Essays - 1500 words”, n.d.)
Risk Management Research Paper Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/nursing/1477475-risk-management
(Risk Management Research Paper Example | Topics and Well Written Essays - 1500 Words)
Risk Management Research Paper Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/nursing/1477475-risk-management.
“Risk Management Research Paper Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/nursing/1477475-risk-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Risk Management

Risk Management

...? Table of Contents Introduction ………………...……………………………………….. 2 Step One – Risk Identification ………...……………………………. 3 Step Two – Risk Measurement ……………………..………………. 4 Step Three – Risk Analysis ………………………………………… 4 Step Four – Decisions ………………………………………………. 5 Step Five - Implementation ………………………………………… 6 Step Six - Monitoring ……………………………………………....... 6 Step Seven – Policies …………………………………………………7 Conclusion ……………………..…………………………….……..... 7 References …………………………………………………………… 9 The Fukushima Disaster: Lessons in Risk Management I. Introduction The Fukushima disaster is probably one of the most terrifying nuclear disasters in recent memory. Before March 2011, it was...
10 Pages(2500 words)Essay

Risk management

...?Risk Management Question There is more to the determination of which of the two projects would fetch shareholders much wealth than the amounts of money being invested into the various projects and the expected Net Cash Flow. This hidden factor is the risk associated with each of the projects and this is where the principles of cash assets pricing model plays a lot of important role. The company is advised to invest in the acquisition of the new business in the Latvian logistics because that will increase the overall real assets of shareholders. Again, the company will be in a position to bargain on the premium they would put on the acquisition through the principles of CAPM to ensure that they “demand additional expected return... of...
6 Pages(1500 words)Essay

Risk management

...Risk Management Number Department Introduction It is a fact that the mechanical process of drilling through the seabed as a way of exploring and extracting oil lying in rock formations beneath the seabed comes with risks. The risk that accosts offshore operations are pervasive enough to touch on the very personnel doing the offshore drilling and the larger surrounding population which may be negatively affected by the consequences of offshore drilling. That risks are inextricably concomitant with offshore drilling is a matter that is underscored by the fact that offshore drilling readily presents environmental drawbacks because of the nature of materials...
11 Pages(2750 words)Essay

Risk management

...? This paper discusses risk management with respect to construction and project management. For this purpose Burj Khalifa is chosen on the basis of which risk management, risk information, data collection, risk identification, risk analysis, output analysis and discussion, recommendation for its improvement and future plans and steps will be talked about in detail. INTRODUCTION To understand the different aspects of risk management it is very important to first understand what exactly this whole practice is all about. Risk is basically the effect of...
11 Pages(2750 words)Assignment

Risk Management

...? Infrastructure project Risks Risk management Infrastructure project Risks Construction projects are undertaken within sophisticated and dynamic environments and as a result they are often faced with elevated levels of uncertainty. Such uncertainty levels are often compounded further by the constraint demands. Infrastructural construction industry has underwent significant changes over the last few years with much focus being directed towards limitation of risks and challenges encountered during the process. Risk assessment utilizes various tool combinations which helps in identification of those risks considered...
10 Pages(2500 words)Essay

Risk Management

...? Risk Management Supervisor: May 14, Risk Management Introduction Threats to desired stability are common phenomena and their prevention and management of their effects is an essential aspect of risk management. Risk management is important to the financial sector because of the sector’s sensitive scope that identifies vulnerability to threats. While the course has offered diversified elements of risk management, I considered some lessons and themes more significant. This paper identifies the important themes and makes recommendations to the U.S....
5 Pages(1250 words)Essay

Risk management

...as vital area of interest for the top management of firm. Several elements contribute to the success or failure of the company. CSR is one such variable that contributes to the well-being, reputation, and financial performance of the company. This paper seeks to investigate the impact of CSR practices on firm’s performance. A critical analysis of prior literature conducted in the same field will be provided in order to evaluate the causal relationship between the two variables. Impact of Corporate Social Responsibility (CSR) on Financial Performance Ways in which companies implement practices of corporate social responsibility differs from one another. These differences are based on factors such as respective industry...
8 Pages(2000 words)Research Paper

Risk Management

...EasyJet Table of Contents Introduction 3 Easy Jet: An Overview 3 Major Risks of EasyJet 4 Intensity and Impact of these risks: Risk Matrix 11 Strategies: To reduce the possible risk 14 Corporate Governance 17 Conclusion 18 Reference 19 Bibliography 23 Introduction This report aims to offer an insight into the inherent risks of an organisation. The intensity of these risks is very much significant to develop a strategy for the same. The strategies have been discussed in the later part. Shareholders are very much bothered about this risk, as they are worried about their investments. It is the responsibility of the managers to mitigate the risk as much as possible and create shareholders’ value. Carrying out operational and financial... ...
15 Pages(3750 words)Essay

Risk management

...Risk Management Table of Contents Risk Management Table of Contents 2 Risk Assessment 4 Health & Safety Legislation 6 Fire and Rescue Services Act,2004 7 Emphasis on ‘Prevention’ 8 Integrated Risk Management 10 Examples 11 Introduction Risk can be described as combination of threats, vulnerabilities and their impacts. If it is possible to reduce any of the above factors, the risk can be minimized. Threat can be arise due to natural, technological and man-made reason and can harm the assets. And the threat is also exploited by vulnerabilities due to a weak security system. All of these...
10 Pages(2500 words)Essay

Risk Management

...Risk assessment of the Question 1. Three information assets of an organization to evaluate for risk management Data for question 1: Switch L47 connects a network to the internet. It has two vulnerabilities: (1) susceptibility to hardware failure, with a likelihood of 0.2, and (2) susceptibility to an SNMP buffer overflow attack, with a likelihood of 0.1. This switch has an impact rating of 90 and has no current controls in place. There is a 75 percent certainty of the assumptions and data. Server WebSrv6 hosts a company Web site and performs e-commerce transactions. It has Web server software that is vulnerable to attack via invalid Unicode values. The likelihood of such an attack is estimated at 0.1. The server has been assigned... . It is...
5 Pages(1250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Risk Management for FREE!

Contact Us