Monitoring risk management
How can you properly monitor the risk management if there is one person assigned for analyzing risk?
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To monitor risk management, you want to evaluate how each of the four steps are performed:
- Determine risks
- Assess risks
- Mitigate risks
- Monitor results
You can list all the relevant situations where your organization failed with risk management by considering performance results, for example:
- Complaints
- Defects
- Delays
- Higher costs
…
Each time any of these situations arrive, it is a signal that somewhere in our risk management methodology we failed. Then comes the need to determine the causes of those failures. For example, last week I worked with an organization that realized that its practice to determine risks during construction had to be improved. The person determining risks had no first-hand construction experience. So, instead of one person, they decided to use a small team.
You can find more information below:
- Free webinar on-demand – How to implement risk management in ISO 9001:2015 - https://advisera.com/9001academy/webinar/how-to-implement-risk-management-in-iso-90012015-free-webinar-on-demand//
- How to address risks and opportunities in ISO 9001: https://advisera.com/9001academy/blog/2016/06/21/how-to-address-risks-and-opportunities-in-iso-9001/
- How to identify risk significance in ISO 9001:2015 - https://advisera.com/9001academy/blog/2019/01/14/how-to-identify-risk-significance-in-iso-90012015/
- For a free preview of an example of the Registry of Key Risks and Opportunities - https://advisera.com/9001academy/documentation/registry-of-key-risks-and-opportunities/
- Enroll for the free course - ISO 9001:2015 Foundations Course - https://advisera.com/training/iso-9001-foundations-course/
- Book - Discover ISO 9001:2015 Through Practical Examples - https://advisera.com/books/discover-iso-9001-2015-through-practical-examples/ (I use a lot of examples based on the risk-based approach)
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Mar 09, 2021