Risk is made up of two parts: the probability of something going wrong, and the negative consequences if it does. Risk can be hard to spot, let alone prepare for and manage. If you're hit by a consequence that you hadn't planned for, expenses, time, and reputations could be at stake. This makes Risk Analysis an essential tool for every business. As a result of attending this presentation, you will receive a clear understanding of Risk Analysis. A systematic process is necessary for all organizations as threats are inevitable. By reviewing risk analysis tools, this presentation will provide a systematic approach to an effective Risk Analysis process. We will also discuss the new requirements under ISO that relate to Risk Analysis and ways to ensure your compliance to them. Areas Covered in the Session : Understanding "Risk" Risk Analysis and Risk Management - Overview Why an organization should conduct a risk analysis and how to mitigate risk Review Risk Analysis tools New ISO requirements for Risk Analysis The steps to identifying and managing risks Proactive vs Reactive Risk Management Who Will Benefit: Quality Assurance Teams Regulatory Affairs Teams Quality System Auditors Research and Development Teams Project Managers Newly Appointed Risk Managers
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