complete wk. 10-2

Risk Management Analysis

For the Unit 7 assessment, you identified one specific risk management issue that you would use to create an Organizational Risk Management Plan for your Unit 9 assessment. For this particular discussion thread, discuss how you would implement the Plan, Do, Check, and Act (PDCA) method for your chosen risk management issue. PDCA is considered a quality improvement method based on Deming's 1950 work. "PDCA is based on the scientific method of proposing a change in process, implementing the change, measuring the results, and taking appropriate action" (Carroll, 2009, p. 459). Be sure to reflect on the use of the PDCA analysis we also completed in the quality management portion in Unit 2 of this class.

1. Plan: Determine goals for a process and changes needed to achieve them.
2. Do: Implement the changes.
3. Check: Evaluate the results in terms of performance.
4. Act: Standardize and stabilize the change or begin the cycle again, depending on the results (p. 459).

Describe how you would apply the PDCA cycle to your risk management issue choice. In a 250- to 300-word analysis, discuss each step. Be sure to provide at least a sentence on recommendations that you would make to senior management, the board of directors, or the facility administrator or CEO.

Response Guidelines

Respond to at least two other learners. Assume the role of the CEO for each organization. Provide input to the learner suggesting ways that this PDCA analysis data would be collected and reported within the organization. Point out any potential flaws or gaps in the analysis provided. Discuss how you would see the value in continuing to analyze this particular risk management issue.