Medical Device Risk Management For Performance Assurance Optimization and Prioritization

2015 ◽  
Vol 49 (6) ◽  
pp. 446-451
Author(s):  
Tidimogo Gaamangwe ◽  
Vishvek Babbar ◽  
Agustina Krivoy ◽  
Michael Moore ◽  
Petr Kresta
Keyword(s):  
Risk Management ◽  
Medical Device ◽  
Clinical Engineering ◽  
Risk Models ◽  
Management Framework ◽  
Schedule Optimization ◽  
Risk Management Framework ◽  
Common Framework ◽  
Efficient Data ◽  
Operational Decision Making

Performance assurance (PA) is an integral component of clinical engineering medical device risk management. For that reason, the clinical engineering (CE) community has made concerted efforts to define appropriate risk factors and develop quantitative risk models for efficient data processing and improved PA program operational decision making. However, a common framework that relates the various processes of a quantitative risk system does not exist. This article provides a perspective that focuses on medical device quality and risk-based elements of the PA program, which include device inclusion/exclusion, schedule optimization, and inspection prioritization. A PA risk management framework is provided, and previous quantitative models that have contributed to the advancement of PA risk management are examined. A general model for quantitative risk systems is proposed, and further perspective on possible future directions in the area of PA technology is also provided.

scholarly journals Implementing A Risk Management Framework In Developing Markets

2013 ◽  
Vol 12 (6) ◽  
pp. 603
Author(s):  
Joseph Chisasa ◽  
Jacobus Young
Keyword(s):  
Risk Management ◽  
Best Practice ◽  
Descriptive Statistics ◽  
Regulatory Requirements ◽  
Risk Models ◽  
Basel Accord ◽  
Management Framework ◽  
Risk Management Framework ◽  
Developing Markets ◽  
The Status

This article assesses the status ofoperational risk management of banks in developing markets in the context ofBasel II. The aim of the article is to determine the extent to which riskmanagement staff is prepared to implement a risk management framework in linewith international best practice. An African commercial bank was examined usingsurvey data collected in July 2010 from 22 employees. The data were analysedusing descriptive statistics. Results obtained indicate knowledge gaps incollecting risk data and the application of risk models as limitations to theimplementation of the framework. The results support the commitment of moretime and financial resources in up-skilling staff if banks in developing marketsare to comply with regulatory requirements as recommended by the Basel Accord.

Developing and implementing the risk management framework into business processes of Gazprom transgaz Tomsk Ltd., for implementation of the Eastern gas program of PJSC Gazprom

2020 ◽  
Vol 17 (1) ◽  
pp. 68-77
Author(s):  
V. E. Zaikovsky ◽  
A. V. Karev
Keyword(s):  
Risk Management ◽  
Human Resources ◽  
Management Information System ◽  
Business Processes ◽  
Project Success ◽  
Management Information ◽  
Timely Manner ◽  
Project Approach ◽  
Management Framework ◽  
Risk Management Framework

Project success depends on the ability to respond to risks and make correct decisions in a timely manner. The project approach provides a better framework for implementing a new management system into the company’s business processes. The risk management framework developed by the company comprises a risk management infrastructure, a set of standards, human resources, and a risk management information system. To improve staff compliance, it is necessary to provide training and to communicate the goals of the project effectively. It is also important to develop a motivation system because well trained and motivated staff are able to work more efficiently.

Systems-based accident analysis in the led outdoor activity domain: application and evaluation of a risk management framework

Ergonomics ◽  
2010 ◽  
Vol 53 (8) ◽  
pp. 927-939 ◽  
Author(s):  
P. Salmon ◽  
A. Williamson ◽  
M. Lenné ◽  
E. Mitsopoulos-Rubens ◽  
C.M. Rudin-Brown
Keyword(s):  
Risk Management ◽  
Accident Analysis ◽  
Outdoor Activity ◽  
Management Framework ◽  
Risk Management Framework ◽  
Activity Domain

Integration of Islamic bank specific risks and their impact on the portfolios of Islamic Banks

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Syed Alamdar Ali Shah ◽  
Raditya Sukmana ◽  
Bayu Arie Fianto
Keyword(s):  
Risk Management ◽  
Portfolio Diversification ◽  
Islamic Banks ◽  
Content Type ◽  
Management Framework ◽  
Risk Return ◽  
Islamic Bank ◽  
Risk Management Framework ◽  
Impact Risk ◽  
Conventional Banks

Purpose This study aims to propose a risk management framework for Islamic banks to address specific risks that are unique to Islamic bank settings. Design/methodology/approach A unique methodology has been developed first by exploring the dynamics and behaviors of various risks unique to Islamic banks. Second, it integrates them through a series of diagrams that show how they behave, integrate and impact risk, returns and portfolios. Findings This study proposes a unique risk-return relationship framework encompassing specific risks faced by Islamic banks under the ambit of portfolio theory showing how Islamic banks establish a steeper risk-return path under Shariah compliance. By doing so, this study identifies a unique “Islamic risk-return” nexus in Islamic settings as an explanation for the concern of contemporary researchers that Islamic banks are more risky than conventional banks. Originality/value The originality of this study is that it extends the scope of risk management in Islamic banks from individual contract-based to an integrated whole, identifying a unique transmission path of how risks affect portfolio diversification in Islamic banks.

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