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What is Risk Mitigation

Transformational Interventions for Business, Technology, and Healthcare
Risk mitigation is a method for preparing for and mitigating the consequences of hazards that a firm may encounter. Risk mitigation, like risk reduction, takes actions to mitigate the negative consequences of risks and catastrophes on business continuity.
Published in Chapter:
Change Management and Cybersecurity in Healthcare: Mitigating Human Factors and Risks
Sharon L. Burton (Capitol Technology University, USA)
DOI: 10.4018/979-8-3693-1634-4.ch025
Abstract
Two central problems in change management are the lack of attention to human factors (e.g., fatigue, human error, communication breakdowns, staffing issues, workload and stress, ergonomics, organizational factors, compliance and procedures, teamwork and collaboration, and inadequate training) and cybersecurity issues. Data shows that 62.7% of adverse effects affected patients, and healthcare professionals contributed 71.7% of the effects, with communication and protocol issues being related to the damage caused. A literature review and content analysis show the overall findings of prioritizing human factors engineering and cybersecurity concerns in their change management processes to mitigate risks and ensure patient safety. Overall, this research contributes to the fields of cybersecurity leadership and healthcare by raising awareness of the critical issues that must be addressed in change management and highlighting the need for healthcare organizations to prioritize human factors engineering and cybersecurity in their change management processes.
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More Results
Supply Chain Logistics Risk Mitigation: Impact of the COVID-19 Pandemic
Entails the creation of plans that aim to control, eliminate, or potentially reduce risk to a manageable level.
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Information Security and Risk Management
The process to strategically invest limited resources to change unacceptable risks into acceptable ones.
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Risk Management for Traditional and Innovative Contracts
A process that involves taking action to reduce an organization's exposure to potential threats and reduce the likelihood that those threats will happen again or will affect the project deliverables.
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Dynamic Risk Assessment in IT Environments: A Decision Guide
Plans which are designed to manage, eliminate, or reduce risks to an acceptable level.
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Assessment of Disruption Risks in Supply Chains
Activities or business strategies to reduce or eliminate risks that could disrupt supply chains.
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