Do you use a business strategy using ISO 9001 principles to manage risk in your organization?
ISO 9001 sets out specific certified strategies for organizations to manage risks and identify opportunities. If you follow it in a particular order and record everything in detail, you will achieve ISO 9001 certification for risk management.
These steps are set out in the ISO 9001 checklist. The checklist details risk (and related opportunity) evaluations.
Risk Management using ISO 9001-Certified Strategies
Analyze Risks and Opportunities
Firstly, conduct an in-depth risk analysis to identify possible external and internal risks to your organization. You must also evaluate the opportunities some risks may present. Knowing where the risk ends and the opportunity begins will help you determine the steps that can lead to the reduction of one to the capitalization of the other.
Create a Plan to Minimize Risk (and Maximize Opportunity)
The next step is to assess the risks and possible opportunities to create a plan moving forward. This plan should minimize the specific risk while maximizing the related opportunity.
In order to create a plan, you will need an in-depth assessment of the risks identified. Assess factors including the likelihood of something happening. Also, consider the impact it could have. Additionally, you need to know how much it would cost, or how much to budget for to mitigate that particular risk.
Similarly, assess the possible opportunities identified. Meanwhile, compile written records of everything. For the final set of assessments, focus on how to balance the deployment of resources to the risk and the opportunity. Thorough assessments, recorded in detail as per ISO 9001 requirements for ISO 9001 certification, are the bedrock of a detailed plan to mitigate risks and maximize opportunities.
Insert the Plan in the Company QMS
Step 3 is critical. Enter the plan created in step 2 into the organization or company QMS – Quality Management System. Integrating the plan into the pre-existing framework is the goal. This ensures compatibility between the processes for implementing the plan and the other company processes.
The ISO 9001 strategies offer a data-based intervention of risk susceptibility and prevent a lack of action to harness opportunities.
Does this sound like something your organization needs? We can help your organization or company set up an ISO 900 complaint QMS and integrate IS0 9001 strategies for managing risk. Contact us at ConSec Solutions, Inc today.
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