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…]
Articles tagged Risk based thinking
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.