risk assessment

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risk assessment

Social medicine
As refers to patient care in the UK, the evaluation of the risks to a person’s health based on his or her needs for living independently, weighed against the likely outcome for the individual, his or her carers or staff, and society, if assistance is not provided.

risk assessment

Managed care An activity that IDs risks and estimates their probability and the impact of their occurrence; RA is integral to system development as a means of estimating damage, loss, or harm that could result from a failure to develop individual system components. See Dose response assessment, Hazard identification, Risk characterization Toxicology The process by which new chemical substances are evaluated for their potential impact on human health, a process that entails determining its toxicity and number of people exposed to it. See Ames test, Morbidity, Toxicity testing.

risk as·sess·ment

(risk ă-ses'mĕnt)
Analysis of risks involved prior to action being taken.

risk assessment

A study of a patient, taking into account all known relevant factors, done for the purpose of trying to determine the probability that that person will develop a particular disease or, if the disease is already present, the probability that the person will suffer exacerbation of it or death from it.

risk as·sess·ment

(risk ă-ses'mĕnt)
Determination of possible future disease by identifying risk factors in comparison with possible protective factors.
References in periodicals archive ?
* An enterprise risk assessment can help management determine whether there are risks that are inconsistent with or in excess of the organization's risk appetite.
And a lack of compelling market demand for enterprise risk assessment tools has failed to induce IT entrepreneurs to invest in the development of systems that support ERM.
This collusive fraud risk assessment should be in addition to management's fraud risk assessment, and part of the enterprise risk assessment. Generally, the audit committee cannot place sole reliance upon management's assertions of controls, particularly because the largest frauds are perpetrated by management, which can override controls or intentionally neglect to assess certain fraud risks.
* WALTER SMIECHEWICZ (Los Angeles Chapter) was named Senior Managing Director, Enterprise Risk Assessment, for Countrywide Financial Corp., a diversified financial services provider and member of the S & P 500 based in Calabasas, Calif.
Initially, enterprise risk assessment created a paperwork nightmare.
Additional intelligence brought into its enterprise risk assessments in subsequent releases will combine cross-channel fraud events, including:
We do ongoing enterprise risk assessments, we look at specific goals within our work plan to move the program, then assign our budgeted dollars to those particular priorities."
Transparency is an important objective and should be emphasized to facilitate discussions about prudent risk taking, risk-based communications, effective enterprise risk assessments that impact business planning, periodic scenario analyses to evaluate assumptions underlying the strategy and a competitive early warning system, among other things.
The issue: Enterprise risk assessments are performed using a variety of approaches and tools, including surveys, interviews and historical analysis.

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