Which component is NOT part of the PACED approach in risk management?

The PACED approach in risk management stands for Problem Identification, Assessment, Control, Evaluation, and Documentation. Each component plays a vital role in effectively managing risks in health care institutions.

The correct answer, physical, is not part of this structured approach. While risks can certainly have physical components—like equipment safety or environmental hazards—PACED focuses more on systemic processes that lead to effective risk management rather than categorizing physical elements.

In contrast, preventative strategies are essential to proactive risk management, aiming to reduce potential risks before they occur. Administrative processes are critical for setting up the governance and procedures needed for effective risk management. Documentation is also a crucial part of the process, ensuring that all steps taken are recorded, which aids in future assessments and evaluations.

Thus, identifying that physical is not one of the PACED components helps clarify the approach's focus on systematic management rather than merely addressing the physical aspects of risk in health care settings.