The critical success factors for ISO 9001:2015 RBT are much like Six Sigma and lean. Our hard lessons learned over the last dozen years migrating organizations from quality to ERM include: [Read more…]
What is Risk Based Thinking?
We get this question weekly and sometimes daily it seems.
Why? ISO has not defined Risk Based Thinking? And, this is a hugely important question because ISO has elevated RBT to the same level as PDCA and Process in the Final Draft International Standard (FDIS) of ISO 9001:2015.
One of the things we know is the marketplace hates a vacuum. Someone will develop a product or service to fill in the vacuum. This is exactly what we did with RBT. [Read more…]
Risk Based Decision Making
Guest Post by Ed Perkins (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
Risk-based decision making is employed to implement risk management.
But how is this implemented? In this article, we will look at the process of making “risk-based” decisions.