What is the role of domains in value-driven enterprise risk management?
As a risk manager, you will review a variety of risk types across your organization. The ability to articulate these different risk domains and to mitigate risks within each is a key skill.
As you learned in Week 1, enterprise risk management (ERM) is part of an organization’s strategic plan and it contains domains that include:
Operational
Clinical/patient safety
Strategic
Financial
Human capital
Legal/regulatory
Technology
Review the Flashcards to help you become familiar with the risk domains in health care as you prepare your responses.
Discuss the following with the class:
What is the role of domains in value-driven enterprise risk management?
How are these domains applied within health care to drive enterprise risk management? Provide examples.
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