The Concept and Principles of Informed Choice in Decision-Making Assignment Sample

Introduction: Explain Informed Choices 

This term refer to the process which indicate that every individual has right to make appropriate choices among all the alternatives. This decision is being made on the basis of experience, knowledge and information acquired by particular individual. These choices are based on creating major principle which includes the following points: 

• It has been determined that every individual is having ability to make effective choices irrespective of their experiences, restraints and opportunities. 
• There should be sufficient number of option available to individual and each option should be clearly defined.
• Each choice is linked with its corresponding impact so every consequence should be identified before selecting any option. 
•  Choices available to individual are evaluated on the basis of social and cultural expectation and option are differentiated based on positive impact and acceptances. 

It has been determined that informed choice is continuous process that includes involving individual in conversation which helps in effectively achieving goals. This concept focuses on proving rights to individual for making most appropriate choice according to their knowledge. This process is generally based on the information gather by individual rather than assumption. For example: while taking decisions relating to rewards system in organization, manager should have detail information regarding budget and type of rewards that needs to be provided. This helps in selecting combination of rewards which do not creates negative impact on budget of firm and helps in enhancing satisfaction of employees. 

Determining various technology that helps in preserve independence of individual and process by which it can be achieved

There are various types of technology available in market that helps in promoting independence, wellbeing and safety of individual. This technology is classified as assistive technology and digital technology that concentrates towards providing independences to individual. Various type of assistive technologies used for marinating self dependence is as follows:

Assessing measures by which a person could access to range of technology

Each organisation is focus towards introducing new and latest technology within its operations. It is crucial for employers to provide framework and sessions by which workers could be easily understand the working of machines and helps in efficiently complete their work. There are various measures by which employees awareness regarding usage of machinery could be improve. Some of the measures are as follows: 

Creating self awareness: This includes reading various journals that includes information regarding latest technology that has been launched or about to be released in market. Continuous research should be done regarding the benefit of using such devices and importance of technology at workplace. It will help in enhancing knowledge level of individual regarding various technologies that helps in achieving objective. 

Conducting training and development program: Under this, managers should concentrate towards provides session that aims at improving the knowledge of employee’s regarding usage of particular technology. This includes session that helps in provided practical knowledge to employees and various benefit and hazards involving in using technology. It will assist in enhancing knowledge and information level of employees that helps in optimally using latest technology. 

Provide reason to use technology: After learning skills regarding using particular technology, it is necessary to provide them opportunity to use devices on their own. Practical knowledge is important to effectively and efficiently operate a technology. This can be done by conducting work shop where each employee is provided with devices and ask to use it. Managers could create situation of healthy competition that motivate employees to efficiently using technology to become more competent. 

Explaining the significance of risk assessment in promoting individual independence, choice and capability in taking risk

The method of identified risk refers to the process of risk assessments. There is a huge significance of determining the risk which an individual is going to face due to particular decision. Various importance and role of risk assessment in promoting independence and choice of individual are as follows:

• Helps in effective decision making: Risk assessment helps in determining the uncertainty which involves in particular decision. To promote independence an individual is provided with various choices among which best need to be selected. This assessment method helps in identifying the best alternative and assists in improving effectiveness of decision making.
• Aims at determining hazard: While promoting independence, Individual is emphasizing on determining the hazard involving in any new technology that has been acquired. This will help in determine whether individual should acquired particular technology or not and also helps in identifying measure by which its impact could be reduced. 
• Focused towards enhancing confidence: By determining the risk involves in certain activity an individual is able to evaluate its capabilities with risk. This helps in gaining confidence regarding amount of risk one could undertake and effectively achieving its objective.

Defining various risk assessment method used in different situation in relation to organizational procedures and policies

Risk assessment refers to determining and evaluating risk that has been involved in particular activities. It is very crucial for organization to identify risk associated with the certain policies and procedures that helps in determining potential results. There are various method which firm can used analysis risk involve in certain decision, some of the risk assessment methodology are as follows:

• Quantitative method: This method concentrates on evaluating various numerical data to determine the risk involve in particular decision. This method involves describing all risk in the finical term that helps in better understanding and comparing the impact of certain decision. This method is not widely used by organization as it requires internal expertise to evaluate and measure all risk in the term of money. This method is not appropriate as all assets and risk cannot be valued in money and wrong interpretation may leads to impacting polices of firm. 
• Qualitative method: Under this method, scientific approach has been used to assess the risk involve in organization. Data has been collected related to employee’s beliefs; behaviour and attitude that helps in determining employee satisfaction. This helps assessor in categorizing risk on the basis of moderate, low or high.
• Assets based: This approach focus towards evaluating hardware, network and software that includes all information of company. This process involves determining the total assets, evaluating threats and risk associate with assets and critical decide on the risk of company. This is not most appropriate method as some risk are associate with organisational working which is not covered in asset. 
• Vulnerability based method: Under this method of risk assessment, emphasis is paid towards determining the deficiency of organization and the potential threats that could occur due to such weakness. This risk is the most appropriate risk assessment method as it focuses towards determining present as well potential rise that can impact organisational working.

Determining own role relevant to assessing risks that promote person centres choice, independence and approach

As an employee I need to understanding and evaluate all the risk that are involved in the particular activities and task. As employees work with different technology and devices they have more deep knowledge and information regarding problem and issue that are prevailing in organization. As company is targeting towards assessing the individual risk that are hampering one’ performance then it is necessary for company to indulge employees in risk assessment process. This will help in identify the problem and issue that has been faced by employees and assist in determining most appropriate solution according to employ. For promoting independence within the working of firm, it is necessary to determine the capability of employees. This will helps company in decide at what extent employees should be allotted authority to take their own decision and efficiency of taking decision. 

Describing the importance of reviewing and updating assessment of risk and provide time frame when this should be conducted

Review and updating risk assessment refer to critical evaluating various factors that has been changed and impact on the individual decision. As individual work in dynamic environment it is very crucial for review it existing risk profile and determine changes that has been occurred in surrounding. This helps in enhancing the risk that one can undertaken and helps in identifying measures by which risk could be mitigate. Risk assessment of individual should be carried out before planning any new activities that helps in identifying the capabilities of individual in taking risk. This should be undertaking at time of brining changes in the existing method and technology and initiating new processes. Importance of review and update of risk assessment is as follows:

Helps in determining changes: By review the existing risk assessment, it helps individual in identifying the changes that has occurred and providing detail regarding skill that one need to acquire to cope up with changing environment.

Aims at determine Safety hazard: As individual is emphasis towards independence, It is necessary to evaluate the risk profile that helps in determine the health and safety hazard that has been include in the particular activity. 

Helps in determine capability of individual: Reviewing the risk assessment profile of individual helps indentifying amount of risk that an individual could undertake, this helps in taking appropriate decision that can be efficiently achieved by individual. 

Aim at keeping up to date: Risk assessments aim at identifying the potential risk that could occurs in upcoming future and provide effective time period to identify measures by which such risk could be mitigated. 

Provide information regarding individual involving in updating and reviewing risk assessment

There are various individual that are involving in determine the risk assessment of particular employees. This all together helps in providing better understanding regarding risk capability of individual. List of various individual involve in risk assessment are as follows;

Employees: This involve interview with the person whose risk capabilities need to be evaluated. This interview will help in determine the extent to which an individual is ready to take risk. Various simulation and activities will be conducted that help in identifying the behaviours of particular employees in different situation. It will provide in dept knowledge regarding ability and type of risk an individual could take. 

Supervisors: This are individual who are in direct contact with employees and have a huge knowledge regarding employees attitude and how one will react in particular situation. They provide clear information related to employees behaviours and assist in determining the risk capabilities of every employees. 

HR manager: Role of manager involve conducting various activities and situation based games at workplaces that helps in getting information regarding mind set and belief of individual. This involves contacting with employees and asks them to suggest measures by which issues could be resolves. Their solution will then evaluate and on the basis of which manager will able to determine the amount of risk that individual prefer to take. 

Risk assessments committee: It involves individual that are focused towards assessing the risk and health hazard within organization. This committee includes management of firm, safety staff, production staff, and supplier and maintenance employees. This together helps in determine the behaviour and belief of particular employees that helps in ascertaining the risk capacity of individual. 

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Refrences

Books and Journals 

Bell, A., Fairbrother, M. and Jones, K., 2019. Fixed and random effects models: making an informed choice. Quality & quantity, 53, pp.1051-1074.

Berk, R., Heidari, H., Jabbari, S., Kearns, M. and Roth, A., 2021. Fairness in criminal justice risk assessments: The state of the art. Sociological Methods & Research, 50(1), pp.3-44.

Berntsen, L., 2023. Ableism and assistive technology. Science, 381(6662), pp.1057-1057.

Daly, M.B., Pal, T., Berry, M.P., Buys, S.S., Dickson, P., Domchek, S.M., Elkhanany, A., Friedman, S., Goggins, M., Hutton, M.L. and Karlan, B.Y., 2021. Genetic/familial high-risk assessment: breast, ovarian, and pancreatic, version 2.2021, NCCN clinical practice guidelines in oncology. Journal of the National Comprehensive Cancer Network, 19(1), pp.77-102.

Kirk, H., 2019. Prediction versus management models relevant to risk assessment: The importance of legal decision-making context. Clinical Forensic Psychology and Law, pp.347-359.

Kirk, H., 2019. Prediction versus management models relevant to risk assessment: The importance of legal decision-making context. Clinical Forensic Psychology and Law, pp.347-359.

Patel, K., 2020. Mental health implications of COVID-19 on children with disabilities. Asian journal of psychiatry, 54, p.102273.

Sherani, Abdul Wahid, Anaam Naeem, and Masroor Shah. "FOLLOWING THE CROWD OR MAKING INFORMED CHOICES? THE IMPACT OF HEURISTIC AND PROSPECT BIASES ON PORTFOLIO MANAGEMENT AND PERFORMANCE: EVIDENCE FROM PAKISTAN'S STOCK MARKET DOWNTURN IN 2022." International Journal of Business and Management Sciences 4, no. 1 (2023): 203-221.

Online

Importance of risk assessment in organization. 2024. Online Available through: < https://www.britsafe.org/training-and-learning/informational-resources/risk-assessments-what-they-are-why-they-re-important-and-how-to-complete-them#:~:text=The%20main%20purpose%20of%20risk,suitability%20of%20existing%20control%20measures>

Risk assessment method. 2023. Online Available through: < https://safetyculture.com/topics/risk-assessment/>