The hospital is currently in step seven, meaning it has completed six steps so far. The first step is the identification of hazards. Ogelbay Hospital has pointed out the main hazard for their facility. The hazard is the near river which floods each year. The hospital has, in the past, experienced flooding that affected the first floor. The flooding causes significant damages to property and also weakening of the building. The second step is deciding who and how the harm affects Ogelbay Hospital. The employees have identified the main areas to be affected by the floods. These are the areas on the first floor such as business office, food and cafeteria services, administrative office, gift shop, speech and the physical therapy departments. With the lack of basement, the first floor is most likely to be affected whenever flooding occurs.
The third step is an assessment of risk and plan for action. The staff came up with the need to have a floodwall build as a necessity. However, the cost was too high for the hospital. So the good wishers and residents of the city helped in building sandbag to minimize the threat. The fourth step is on recording the findings. The records act as proof that assessments have been undertaken in future reviews. The team noted the possibility of moderate severity of the damage from floods. Step five was on review to risk assessment. There was a need to elevate as many items as they can from the high-risk location. They include patient information, supplies and equipment. Lastly, the sixth step was the evaluation and assessment. It involved rating the risk of flood damage. For the case of Ogelbay Hospital, it is flooding risk was at 7.
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Small organizations, according to Christian (2019), mainly use a qualitative approach. No statistical value is needed to evaluate risk. However, it makes s use of relative values as data entries to potential loss value.
Positive aspects
It is easy to observe and understand the risk level
It has a simple calculation for better understanding and implementation
There is no need for determining the asset's financial value.
Does not determine the monetary value
Negative
Subjective evaluation of risks
Failure to capture the reality due to subjective perspective
No implantation of cost-benefit analysis
Lack of enough differentiation of significant risks
Results rely on the quality of the team
Reference
Christian, K. A. (2019). A Qualitative Multiple Case Study of Small Business Leaders' Implementation of Successful Business Continuity Planning (Doctoral dissertation, Northcentral University).
