Design, develop and document a risk management plan related to: the reduction of

Question

Design, develop and document a risk management plan related to:

the reduction of accidents, illness or incidents relating to worker or general public safety

the prevention of operational discontinuity

the need for new or innovative improvement/ changes in processes or procedures (and the associated risks)

environmental impact issues—including resource use and management

You might choose another risk area relevant to the organisation for which you work. If you do you will need to describe the organisation and the risk being addressed in terms of industry sector requirements. If you are not working the risk management process might apply to a fictional organisation that you describe in detail.

Explain why and how you would initiate and implement the risk management plan and:

Establish the context and scope of the plan.

Identify the risk/s.

Analyse the risks.

Select, plan and document risk management treatments.

Explain the implementation monitoring and evaluation processes.

Format your risk identification, analysis and improvement plan/ proposal (or action plan) in a manner that would be accepted by senior management. Ensure that all risk scenarios are addressed and catered for.

Submit:

the plan

research results and tools used in the assessment process and in the plan design

any relevant support information, charts, graphs, statistics etc

The plan must clearly describe the risk/s, proposed actions, resource needs, responsible persons, time frames, deadlines, expected outcomes and success metrics.

Explanation / Answer

Here we are taking case of health care industry (Pharam sector) to understand the risk and future innovation in same:

we will analyse the risks taking old / current process of sector. understanding the scenarios occurred and taking future consideration for same.

will iniate the risk assesment plan to

the reduction of accidents, illness or incidents relating to worker or general public safety

the prevention of operational discontinuity

the need for new or innovative improvement/ changes in processes or procedures (and the associated risks)

environmental impact issues—including resource use and management.

Risks are as follows:

Internal stake holders : How are the risks assesement going for current trends for same. who are effected by same.

Analyze the same and identify the parameters involoved in it.

change for better improvment is important which is key part for any improvements.

Actions:

Treatment analysis.

Change management

Risk aversion.

Different tools and techniques

Resource need:

internal and external stake holders

Responsible persons:

Customers, employee,

Time frame:

as per requirements

Deadlines:

as per company standards and policies

Expected outcomes:

increase in efficeincy

reduction in accident occurances.

Sucess metrics:

Different tools and techniques

5s implenation

fish bone diagarms

flow charts and control charts.

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