How to Incorporate Risk-Based Thinking Into the Everyday [Q10]

Risk-based thinking permeates most current management system standards. Safety-related risks should, of course, be prominent, but many other aspects of any organization should have consideration for risks too. These varied risks may relate to contract errors, diminished efficiencies, scrap, erosion of market share, decreased customer confidence, or loss of qualified staff, just to name a few. It is possible to establish a culture of risk-based thinking that creates value without a burdensome risk management scheme. We'll present the concept of risk-based thinking and provide tips for efficient and effective implementation.

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