When developing an acceptable risk policy, you will need to bring various experts into the project to evaluate the treatment options. The experts will provide their specialized opinion to the treatment option report and help shed light on overlooked variables.
Financial capabilities and efficiency are important factors from a business point of view. But you also need to take common sense and core values into consideration. It is unwise to make decisions regarding safety and security ONLY on financial metrics.
Most HealthCare facilities are formed with a core mission and set of values that they publicize to their patients, staff, and community. Do not make decisions regarding safety and security that obviously go against your organization’s mission statement or core values. This could create additional unforeseen risks in public perception.
Religious, philosophical, historical, and cultural issues that involve the establishment of a risk level, need to be documented and take into consideration.
The need to build consensus among diverse religious and cultural points of views is well documented in a Risk Management Review Program created by the US Department of Energy.
“Building Consensus Through Risk Assesment and Management of the Department of Energy’s Environmental Remediation Program”
http://www.nap.edu/catalog.php?record_id=9480
