RISK ASSESSMENT PLAN

S,W,T Risk Identified Controls Likelihood Consequence Risk Level Acceptable Risk Treatment
Available Level
S Medication error Report to Med 4-Likely 4-Major 16-Extreme 9 Document the error and
(Computerized provider Watch serious report it to the hospital
order entry (CPOE), problems safety committee
Clinical decision support associated with the
system (CDSS), medical products,
Electronic health record prescribe, dispense
(EHR), Bar code or use
medication
administration (BCMA),
and Radio frequency
identification (RFID)
W Visibility and Brand Figure out where 3-Possible 3-Moderate 9-Moderate 9 Optimize website for
equity of a start-up expertise fills the keywords. Buy
business gap in the market advertisements. Be active in
place (conducting social media. Write blogs
market place posts.
research)
T Run-away inflation, Marketing 4-Likely 4-Major 16-Extreme 9 Boost cash reserves. Claim
business running loss. strategies. losses to save tax. Cut costs
Managing staff. and sell more; and sell to
Networking. more.
Developing
innovative
practices.
 STANDARD CONSEQUENCE –LIKELIHOOD RISK MATRIX

CONSEQUENCE

Minor

Moderate
Insignificant

Major

Catastrophic
Livelihood

1 2 3 4 5
Likely
Certain 5 5 10 15 20 25
Possible
Unlikely 4 4 8 12 16 20
Rare 3 3 6 9 12 15
Low 1 to 4
Moderate 5 to 9 2 2 4 6 8 10
High 10 to 12
Extreme 15 to 25 1 1 2 3 4 5 Done by : Aubrey Mae G. Dantes