ENTERPRISE RISK MANAGEMENT

Enterprise Risk

Management

I N T E R N A L T R A I N I N G

F E B R U A R Y 2 1 , 2 0 2 3

N U R S I N G T R A I N I N G , R E S E A R C H & Q U A L I T Y D E P A R T M E N T

What is/are the greatest

risk/s you took?

Objectives

Address and prioritize risks in a timely manner

Assist top leadership in the decision-making process

Prevent or minimize financial losses by improving
operational efficiency

Risk Management Process/Steps

01

02

03

04

Establish the context

Risk Assessment

Risk Treatment

Monitor

SWOT Matrix/Analysis

Risk Identification
Risk Analysis

FMEA

Accept/retain
Avoid
Reduce
Share/transfer

Tool used for establishing context:

SWOT ANALYSIS

Tool used for establishing context:

RISK ANALYSIS

Check likelihood or probability

Impact or consequence

Evaluation of effectiveness of existing
controls - presence of process, device,
practice

Tool used for Risk Analysis: FMEA
Failure Mode and Effect Analysis

RISK is also an
OPPORTUNITY