The key components include: 1. Identification: Recognize potential risks through patient history, clinical findings, and diagnostic tests. 2. Analysis: Evaluate the likelihood and potential impact of identified risks. 3. Prioritization: Rank risks based on their severity and probability. 4. Mitigation: Develop and implement strategies to prevent or minimize risks. 5. Monitoring and Review: Continuously monitor patient status and review the effectiveness of risk mitigation strategies.