Significance of Risk Management
Risk Management refers to the systematic processes employed within pharmacovigilance to identify, assess, evaluate, and mitigate risks associated with drug use. It encompasses strategies aimed at addressing potential toxicity and safeguarding patient safety through careful monitoring and prioritization of risks. This includes actions specific to particular substances, as well as broader strategies to enhance the safety of pharmaceuticals throughout their lifecycle. Core to Risk Management is ensuring effective communication and implementation of measures to control the impact of these risks.
Synonyms: Risk assessment, Risk control, Risk analysis, Risk governance, Risk evaluation, Risk prevention, Risk reduction
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
The concept of Risk Management in scientific sources
Risk Management in pharmacovigilance focuses on identifying and monitoring potential risks associated with drugs. It includes assessing their risk-benefit profiles and creating plans to ensure patient safety.
From: The Malaysian Journal of Medical Sciences
(1) This refers to the process of identifying, assessing, and controlling risks, especially in the context of dairy product losses to improve the environment.[1] (2) This refers to actions that should be taken to address a high concern regarding the potential for toxicity, such as in the case of FA, MeIQx, and PhIP.[2] (3) Risk management of COVID-19 in the workplace is where FWA is perceived as beneficial, according to the respondents of the study.[3] (4) Risk management is activated for the implementation of online teaching and learning during the COVID-19 outbreak, especially when the duration of the MCO exceeds two months.[4]