Essay Risk Analysis – Realistic Risk Management plan – Risk Management Assignment help

Assignment Task:

Risk Analysis 

Select one of the following proposed health system reforms: 

1. My Health Record

2. Mandatory General Practice Co-payment

3. Bonded Medical Program

4. Private Health Insurance product tiers

5. Choose your own health system reform – this can be from Australia or internationally (must be approved by the unit coordinator) 

The Department of Health has requested a risk analysis to illustrate the potential risks of this change to the health system. The Department have asked that your analysis illustrate the likelihood of risks occurring and the scale of their impact, as well as your approach to managing the risks you have identified by completing the table below. 

Risk Impact L C R Risk treatments Responsibility 

Key 

L = Likelihood (5=Almost certain, 4=Likely, 3=Possible, 2=Unlikely, 1=Rare) C = Consequence (5=Severe, 4=Major, 3=Moderate, 2=Minor, 1=Negligible) R = Risk level (4=Extreme, 3=High, 2=Medium, 1=Low) 

When considering the risks, think about the impacts on the various components of the health system, as well as the impact on providers and patients, including vulnerable populations. Consider how core principles of public health such as universal healthcare are endorsed (or not) by this health system/policy reform. 

Assessment criteria 

• Comprehensive estimation of risks 

• Assesses the likelihood of the risk being realised 

• Assesses its impact (consequence) 

• Assesses the risk level 

• Realistic risk management plan 

Criteria High Distinction Distinction Credit Pass Unsatisfactory Comprehensive estimation of risks (20%) 

• Provides a comprehensive list of all risks; Clearly articulates the various kinds of associated risk 
• Provides a list of the majority of risks; Clearly articulates the various kinds of associated risk 
• Provides a satisfactory list of all risks, with some risks missing; Includes different kinds of associated risk, but some may be missing 
• Identifies some basic risks in each category and provides a basic understanding of associated risks 
• No or limited addressing of risks, focusing only on surface-level or obvious risks at the most; Addresses only some of the categories of risks Assesses the likelihood of the risk being realised (20%) 
• Realistically and accurately estimates the probability of all risks identified 
• Estimates accurately the probability of all risks identified, although a small omission might be present 
• Estimates accurately the probability of all risks identified, although an error might be present 
• Provides some pragmatic consideration to the probability of the risks identified, with some inaccuracies