Risk Analysis Flashcards
7 cards from real CPHRM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Risk Analysis flashcards as text
In healthcare risk analysis, 'inherent risk' is BEST defined as:
Answer: The level of risk that exists before any controls are applied
Inherent risk is the raw or baseline risk of an activity or process before any mitigation or control measures are considered.
A risk manager is analyzing claims data to identify patterns of recurring loss. Which type of analysis is being performed?
Answer: Retrospective risk analysis
Retrospective risk analysis examines historical data (claims, incidents, near-misses) to identify patterns and trends of past losses.
The Haddon Matrix is used in healthcare risk analysis primarily to:
Answer: Analyze injury-producing events across pre-event, event, and post-event phases
The Haddon Matrix organizes countermeasures across three time phases (pre-event, event, post-event) and three factors (host, agent, environment) to guide injury prevention strategies.
Which scenario BEST illustrates the concept of 'risk aggregation' in a hospital setting?
Answer: Recognizing that multiple low-level risks in one department collectively create a high-risk environment
Risk aggregation recognizes that individually minor risks can accumulate to create a substantially elevated overall risk level when considered together.
During a risk analysis, a team determines that a control measure reduces the likelihood of a hazard but does not eliminate it. This remaining risk is BEST addressed by:
Answer: Accepting the residual risk without further action if it falls below the risk tolerance threshold
When residual risk falls within the organization's defined risk tolerance, it is appropriate to formally accept it and document the decision.
Which of the following is the PRIMARY goal of a prospective risk analysis (e.g., FMEA) compared to a retrospective analysis (e.g., RCA)?
Answer: To identify and mitigate potential failures BEFORE they cause harm
Prospective analysis (FMEA) proactively anticipates and addresses failure modes before an adverse event occurs, rather than responding after the fact.
A risk manager applies a 'bow-tie' model to a medication error risk. The LEFT side of the bow-tie represents:
Answer: Threats and preventive barriers leading to the hazardous event
The left side of a bow-tie diagram maps threats (causes) and preventive controls that reduce the likelihood of the central hazardous event.