Financial Risk Assessment and Management Template

Financial Risk Assessment and Management in Priority Matrix

Assess and manage financial risks in healthcare to ensure organizational sustainability.

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Proposed Tasks

High Impact, Urgent

• Risk Identification due in 1 week
  ☐ Identify potential financial risks ☐ Document identified risks ☐ Communicate identified risks to relevant stakeholders
• Risk Analysis due in 2 weeks
  ☐ Analyze identified financial risks ☐ Determine potential impact and probability of each risk ☐ Create a risk matrix

High Impact, Long Term

• Risk Evaluation due in 3 weeks
  ☐ Evaluate identified risks based on analysis ☐ Rank risks based on their severity ☐ Decide which risks need immediate attention
• Risk Treatment due in 4 weeks
  ☐ Develop strategies to mitigate high priority risks ☐ Implement risk mitigation strategies ☐ Monitor effectiveness of risk mitigation strategies

Low Impact, Quick Wins

• Risk Management Review due in 7 weeks
  ☐ Review risk management processes ☐ Identify areas for improvement ☐ Implement necessary improvements
• Risk Management Training due in 8 weeks
  ☐ Train staff on risk management processes ☐ Ensure staff understand their role in risk management ☐ Provide ongoing training as necessary

Low Impact, Long Term

• Risk Monitoring due in 5 weeks
  ☐ Monitor identified risks ☐ Update risk assessment as necessary ☐ Report on risk management activities to stakeholders
• Risk Reporting due in 6 weeks
  ☐ Prepare risk management reports ☐ Present reports to stakeholders ☐ Use feedback to improve risk management processes
• Risk Management Policy Review due in 9 weeks
  ☐ Review risk management policy ☐ Update policy as necessary ☐ Ensure policy aligns with current risk management practices
• Risk Management Strategy Review due in 10 weeks
  ☐ Review risk management strategy ☐ Update strategy as necessary ☐ Ensure strategy aligns with current risk management practices