Category Archives: Risk

Why Root Causes?

Incidents and non-conformities happen. How we respond will determine whether the incidents or non-conformities happen again. Often without any systematic analysis, we charge ahead with hastily-conceived, ill-considered solutions that merely sweep the incidents or non-conformities under the carpet, to be inadvertently revealed at some later date… …

RISK AND OPPORTUNITY MANAGEMENT

  Risk and Opportunity Management – What is it? Risk and Opportunity management describes the planned and systematic approach used to identify, evaluate and manage the whole range of business risks and opportunities facing any business. Risk and opportunity is defined as ‘something happening that may have an impact on the achievement of objectives’. …

What Is Risk-Based Thinking?

The need for risk assessment Risk management is a tool that helps companies evaluate risks in processes and content. It evaluates event data in order to measure levels of risk in an operational context. Risk assessment is repeatable and objective; it allows you to replace an otherwise subjective “gut feel” with a more guided decision-making approach. …