Case Study Analysis Example | Topics and Well Written Essays - 750 words - 1

Analysis - Case Study ExampleA Top 10 Risk Item Tracking tool screwing be applied for maintaining an sensory faculty of the risks involved. The apprehension department can rely on the ideas, intuitive feelings and past expert experience of the module to help let on potential risks. They can perform quantitative risk analysis by development the technique called four-card monte Carlo analysis. We must keep up with certain gauge standards by the help of quality management to ensure that the new services forget completely satisfy the needs of each forbearing efficiently. Incorporating these quality standards into the hospitals new policies and procedures is very important. Keywords excessive waiting, risk management, quality management, risk analysis, Monte Carlo analysis, quality standards, Top 10 Risk Item Tracking tool, Patients satisfaction. The Hospital Administrator, doc Director of Emergency Department, Director of Hospital Performance Improvement held a meeting to review and identify the disturbing trends being faced by the patients as well as the module of the Emergency Department. ... qualitative risk analysis as well as quantitative risk analysis that included bar the probability and consequences of risks. Risk response cooking and risk monitoring and control which involved monitoring cognize risks, identifying new risks, reducing risks, and evaluating the effectiveness of risk reduction (PMBOK, 237). The main output of risk management planning is a risk management plan. The ED team should review documents and understand the hospitals and either sponsors approach to risk. The ED team will always have trained staff that will recognize and handle time sensitive conditions as part of their contingency plan. For example, the greeter will always escort chest pain or stroke patients to triage nurse as part of their predefined emergency actions (Power, D.J, Gannon, M. et al., 1986). there can be three kinds of risks in this case study 1. Market r isk bequeath the new changes be useful to the hospitals ED or serviceable to the patients? Will the patients judge and use the services? 2. Financial risk Can the hospital afford to undertake these changes? Are these changes the topper way to use the hospitals financial resources? 3. Technology risk Are these services technically feasible? Could the technology be obsolete before the end of the 9 months plan? (Maps of World Finance) There ar several risk identification tools and techniques that can be used for identifying potential unsatisfactory outcomes. These tools and techniques are -Brainstorming -Interviewing -The Delphi technique -SWOT (Strength, Weaknesses, Opportunities, Threats) analysis (Schwalbe K., 2005) A Top 10 Risk Item Tracking tool can be applied for maintaining an awareness of the risks