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Risk - an opportunity not to be missed PDF Print E-mail
Thursday, 03 September 2015

Changing the way you think about risk management could give your organisation competitive advantage.

The world's largest management system standard - ISO 9001:2015 has revised the way businesses approach risk.

Ian McCabe, head of quality at Nuvia recognises that by pairing risk and opportunity quality professionals can deliver the basis for business improvement: "Providing leadership with an early warning of instances where policy (their intent) and practice (operational reality) are beginning to ‘decouple' as a result of changes to the ‘context' of the organisation, will allow them [quality professionals] to take meaningful action to reduce risks and maximise opportunities".

The standard will now ask businesses to consider risk and opportunity together.

Richard Green, head of professional networks at the Chartered Quality Institute (CQI) explains: "In ISO 9001:2015 the core concept of identifying and addressing potential mistakes before they happen very much remains. But it now talks in terms of risk and opportunities. Organisations will now have to provide evidence that they have determined, considered and taken action to address any risks and opportunities that may impact (either positively or negatively) customer satisfaction or their quality management system's ability to deliver its intended results."

(Source - CQI Press Release)  


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