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

Analysis - Case Study ExampleA Top 10 Risk Item Tracking tool mass be utilize for maintaining an awareness of the attempts involved. The emergency department can rely on the ideas, intuitive feelings and past expert experience of the staff to help nominate potential risks. They can perform quantitative risk analysis by using the technique called Monte Carlo analysis. We must keep up with certain bore standards by the help of quality management to ensure that the new services will completely satisfy the needs of each patient 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, Physician Director of Emergency Department, Director of Hospital Performance Improvement held a meeting to review and identify the disturbin g trends being faced by the patients as well as the staff of the Emergency Department. ... Qualitative risk analysis as well as quantitative risk analysis that included measuring the probability and consequences of risks. Risk response planning and risk monitoring and control which involved monitoring known risks, identifying new risks, reduce 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 clear the hospitals and any sponsors approach to risk. The ED team will always have trained staff that will grapple 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 soak up 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 risk Will the new changes be useful to the hospitals ED or serviceable to the patients? Will the patients accept and use the services? 2. Financial risk Can the hospital turn over to undertake these changes? Are these changes the best way to use the hospitals financial resources? 3. Technology risk Are these services technically feasible? Could the engine room be obsolete before the end of the 9 months plan? (Maps of World Finance) There are several risk identification tools and techniques that can be utilize 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