Risk Management

Question 1

Risk Identification

Answer 1

Involves specification of all risks that may be encountered in areas of instruction, supervision, facilities, equipment contracts and business structure

Question 2

Risk Evaluation

Answer 2

The PT must review each risk, with consideration given to the probability that the risk could occur and, if so, what would be the conceivable severity

Question 3

Avoidance

Answer 3

Remove the possibility of danger and injury

Question 4

Transfer

Answer 4

Move the risk to others through waivers, insurance policies

Question 5

Reduction

Answer 5

Modify risks by removing or alternating part of the activity

Question 6

Retention

Answer 6

There are risks that need to be retained, especially if the removal of the risk would eliminate a potential benefit (no risks will occur if exercise is eliminated but then no health benefits can occur)

Question 7

Implementation

Answer 7

Institute the plan

Question 8

Evaluation

Answer 8

Continually assess the outcome of risk management endeavors

Question 9

High or Vital

Answer 9

High or often :avoid
Medium or infrequent: avoid or transfer
Low or seldom: transfer

Question 10

Medium or Significant

Answer 10

High or often: Avoid or transfer
Medium or infrequent: transfer, reduce or retain
Low or seldom: transfer, reduce or retain

Question 11

Low or Insignificant

Answer 11

Retain