In sum, enterprise risk management helps an entity to get where it wants to go and avoid pitfalls and surprises along the way. Internal and external risk must both consider for example cost, technical and schedule.Įnterprise risk management helps ensure effective reporting and compliance with laws and regulations, and helps avoid damage to the entity’s reputation and associated consequences. Stable and strong management are important to build an environment that has open communication regarding possible risk. The effective risk management can measure by early and aggressive approach with collaboration and actively participation of stakeholders. Risk management must applied effectively that would mitigate and anticipate the risk that can critical the project. This is a continuous and vital process of the business and management, and it should address the issues that can affect the achievement of objectives. The risk handling process can mitigate unfavourable results on attaining objectives of the organization. The purpose of risk management is to pinpoint potential problems before they can affect and occur, so that the organization can planned and invoked ahead of time if needed. The health care environment faces different and numerous of emerging risk, related to health care reform. Share this: Facebook Twitter Reddit LinkedIn WhatsApp

Role of a risk manager in healthcare