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HLT 308 Elements of a Risk Management Program

HLT 308 Elements of a Risk Management Program

 

Details:

In 1,000-1,250 word paper, conduct a review of the risk management program for new employees in a health organization. Include the following:

  1. Explain the steps for presenting a risk management program to new employees.
  2. Evaluate the presentation for compliance with the American Society of Healthcare Risk Management (ASHRM).
    HLT 308 Elements of a Risk Management Program

    HLT 308 Elements of a Risk Management Program

  3. Propose recommendations for inclusion in the program or changes that you would make to further improve the program or meet compliance.
  4. Examine the administrative process of management the risk program.
  5. Support your analysis with three peer-reviewed references, which may include your textbook.

Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a grading rubric. Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the assignment to become familiar with the assignment criteria and expectations for successful completion of the assignment.

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You are required to submit this assignment to Turnitin. Refer to the directions in the Student Success Center. Only Word documents can be submitted to Turnitin.

Risk management is the identification, evaluation, 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 or impact of unfortunate events[1] or to maximize the realization of opportunities.

Risks can come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive even

  1. Explain the steps for presenting a risk management program to new employees.

ts are classified as opportunities. Risk management standards have been developed by various institutions, including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards.[2][3] Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineeringindustrial processes, financial portfolios, actuarial assessments, or public health and safety.

Strategies to manage threats (uncertainties with negative consequences) typically include avoiding the threat, reducing the negative effect or probability of the threat, transferring all or part of the threat to another party, and even retaining some or all of the potential or actual consequences of a particular threat. The opposite of these strategies can be used to respond to opportunities (uncertain future states with benefits).

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