Select one area of risk management that you have experienced in your workplace (e.g., clinical risk, operational risk, financial risk, or reputational risk). Choose one risk assessment tool discussed in the lecture

Formative Assessment

For this assignment, you will: 

1. Select one area of risk management that you have experienced in your workplace (e.g., clinical risk, operational risk, financial risk, or reputational risk).
2. Choose one risk assessment tool discussed in the lecture (e.g., Failure Mode and Effects Analysis (FMEA), Root Cause Analysis (RCA), or the Bowtie Method).
3. Conduct a brief risk assessment of the selected issue using the chosen tool. Your assessment should include the following components: 
   • A clear description of the identified risk. 
   • An outline of how you would apply the selected risk assessment tool to analyze this risk. 
   • A brief discussion of potential mitigation strategies based on your assessment. 

Document Type/Template

• This assignment is expected to be submitted as a Word Document.
• Your written report should be 300-500 words and provide a structured approach to risk assessment within the context of your chosen workplace scenario. 
• Cite your sources.