Risk management

Integrate Risk Management with Other Key Business Processes

Comprehensive Risk Identification & Assessment

Use Case: A hospital identifies the risk of hospital-acquired infections (HAIs). They use the Risk Register to record the risk, assess its likelihood and impact, and document existing controls (e.g., hand hygiene protocols, environmental cleaning). They also set target risk levels and track progress towards achieving them.

Use Case: A clinic documents the risk of staff burnout due to increasing patient loads. They detail the potential impact on patient care and staff morale, and assess the effectiveness of current support systems.

Controlled Access & Integration

Use Case: The risk management team grants specific access to the Risk Register to department heads, allowing them to view and manage risks relevant to their departments while maintaining confidentiality for sensitive information.

Use Case: When a risk is identified regarding medical equipment maintenance, the Risk Register links directly to the asset management register to show maintenance schedules and service records, ensuring that controls are properly implemented.

Actionable Risk Management

Use Case: A risk assessment identifies the need for updated emergency response protocols. The risk management team uses the Register to assign the task of revising the protocols to the emergency preparedness coordinator, setting a deadline and tracking progress.

Use Case: A hospital sets risk appetite thresholds for patient falls. If the number of falls exceeds the threshold, the Register automatically prompts a review of the risk.

Monitoring & Reporting

Use Case: The Risk Register generates regular reports on the status of high-priority risks, providing the hospital's executive team with an overview of the organisation's risk profile.

Use Case: Automated review prompts remind the risk management team to periodically reassess the effectiveness of risk mitigation strategies, ensuring that controls remain relevant and up-to-date.   

Use Case: the risk approval workflow can be designed to ensure that new high level risks are reviewed by the CEO and the executive management team.