The Risk and Opportunities Management Procedure assesses threats related to the organizational context, interested parties, and the quality management system in order to determine how to manage the risks it faces and how to best allocate its resources to manage those risks in conformance with the company’s QMS and AS9100:2016 Rev D. This procedure describes the Organization’s identification, assessment, and management of risks (threats) and pertains to any and all risks the Organization may face. (7 pages, 2034 words)
The Quality Manager is responsible for directing the Organization’s risk assessment and management processes and identify potential nonconformities, ensuring that preventive actions appropriate to the nature of the potential nonconformities are taken, and ensuring that preventive actions yield the desired results.
The Organization’s Top Management is responsible for creating the Risk Management Committee, providing the resources needed to assess and manage risk, and initiating preventive actions and following up on there effectiveness at Management Review
Failure Modes and Effects Analysis (FMEA) – Stepwise approach to identification of possible field failures in a design, process, or product, and their consequences.
Preventive Action – Measure put in place to eliminate, or reduce the likelihood of, a potential nonconformity.
Hazard – Source of danger or specific situation that may influence the probability and/or extent of loss.
Risk – 1. Possibility that the quality management system may not achieve its intended result(s); Something that may enhance desirable effects; prevent, or reduce, undesired effects; or that may limit improvement.
Risk assessment – Identifying and ranking potential hazards (threats) in the work environment.
Risk management – Actions to address risk can include: avoiding risk, taking risk in order to pursue an opportunity, eliminating the risk source, changing the likelihood or consequences, sharing the risk, or retaining risk by informed decision.
Threat – Indication or source of impending danger.
Vulnerability – Weakness; inability to withstand an attack or cope with a disaster.