Risk and opportunitets
Risk management and identification of opportunities is an important part of the management tools modern companies make use of to safeguard strategies, processes, commodities, finished goods, deliveries, etc.
In the latest edition of ISO9001/2015 and IATF16949, considerable weight is placed on executing and documenting the risk management of the company’s management system.
This is fully in line with intentions in ISO14001 and ISO45001 where the High-level structure can benefit by using the same risk tools, to ensuring uniformity for the standards the company must comply to.
Risk management and risk assessments should not be made unnecessary complex and can be adapted to the individual company’s needs and scope.
Suitable and accessible risk models, as found in ISO31001 can be successfully implemented for assessing risk on strategy and processes. When it comes to risk assessment on product development and production processes, the FMEA (Failure Mode Effect Analysis) method has proven its strength as a detailed method of detecting risk for equipment’s, products and production processes.
Risk assessment can be divided into three levels that will ensure compliance with ISO9001/2015, IATF16949 & VDA 6.3:
– Strategy. External and internal stakeholders.
– Contingency & Continuity.
Medium / Operational Level:
– Process risk.
– FMEA (Failure Mode Effect Analysis).
Risk is of cause much more that the above examples, but it is a starting point where a broad part of the organization is involved from top management to operators.
– To identify the company’s need for risk and opportunity analyzes.
– To create a structure for risk and opportunity system.
– To prepare descriptions (procedures, instructions and templates) for risk and opportunity.
– To develop and train in specific risk tools such as:
o Contingency & Continuity planning
o FMEA (Failure Mode Effect Analysis).
o Fishbone analyzes & 5X Why.
o Process risk tools