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Middle Office Platform
The only AI-powered Middle Office Platform that unifies PLM, QMS, EHS, and SRM into a single, intelligent solution
Product Lifecycle Management
Enable cross-functional collaboration and accelerate your product lifecycle with a cloud-based platform for innovation
Design Process and Quality System Development Tools in Product Lifecycle
Design Quality
Get full visibility over your product design processes and make collaboration easy to get your products to market faster, compliantly
Design Quality: Connecting Design to Documentation
Complaints Management
Transform customer complaints to valuable sources of insights for continuous improvement through smart automations and integrated regulatory reporting
Challenges with Triage and Investigation in Complaints Management Process
Document and Learning Management
Say goodbye to paper! Modernize your processes with connected document, training, and change management
Manufacturing Challenges and Industry Trends Towards Digital Transformation
Quality Management
Transform quality into an enabler: boost efficiency, increase satisfaction, and trim costs with a fully connected, AI-powered quality management solution
Frost Radar for Quality Management Systems Names ComplianceQuest Leader
Risk Management
Enable risk-based thinking throughout your quality processes with a fully integrated risk management solution
Automation of the Risk Management Lifecycle with AI and Analytics
Supplier Management
Increase supplier performance, reduce costs, and streamline your supply chain with integrated supplier quality and collaboration tools
The Ultimate Guide to Next-Generation Supplier Management [e-Book]
Safety Management
Identify and minimize safety events. Prevent accidents, safeguard workers, and ensure their well-being and health
Safety Essentials: Key ‘Must-have’ Components for Safety Management at Any Enterprise
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Proactively and accurately monitor and measure your company’s impact on the environment to improve performance and reach your environmental and sustainability targets
Environmental & Sustainability Management
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ComplianceQuest covers the whole spectrum of customers, industries and regions across the world. Whether it is a small, medium or enterprise sized manufacturer, companies choose ComplianceQuest for its end-to-end Product Lifecycle, Quality, Safety and Supplier Management Solutions.
Salesforce
Leveraging AI to Create a Safer Workplace Environment
Why an EHS Solution Built on Salesforce Works Better Than One Built on AWS or Azure
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Humans: The Real Superheroes of Artificial Intelligence (AI) in Quality Management
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Safety 2025 Conference & Expo
22 Jul, 2025
Orlando, FL
About
About ComplianceQuest
Transform to a fully connected business with a next-generation AI-powered Product Lifecycle, Quality, Safety, and Supplier management platform, built on Salesforce.
Our connected suite of solutions helps businesses of all sizes increase quality, safety and efficiency as they bring their products from concept to customer success.
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Risk is an inevitable component of any business. Irrespective of the industry, an enterprise is susceptible to the supplier, quality, safety, and environmental risks. To that end, standards like ISO and ICH emphasize a renewed focus on proactive risk management using a risk-based approach to quality, health, and safety management.
Here is a quick peek into the risk management framework as per ISO 31000 requirements: These Risk management – Guidelines will help businesses from any industry and any size manage risks better.
When it comes to risk management, business leaders and decision-makers must have answers to the following questions:
In this blog, we will focus on the difference between risk assessment and risk management while highlighting the importance of automating the end-to-end risk management and risk mitigation lifecycle.
Risk assessment is a subset of risk management. While risk management is a continuous process that involves identifying, analyzing, and responding to risk factors, risk assessment focuses on detecting hazards and analyzing all potential risks in the workplace.
Risk assessment consists of three essential components: identification, analysis, and evaluation. In risk identification, leaders and employees must be aware of the different risk possibilities present in the workplace. This can be health, safety, or quality risks. Risk analysis takes the assessment a step further. It is about understanding the consequences of risk present and its impact on the continuity of the work itself. Finally, risk evaluation is about categorizing the risks based on the severity, i.e., the possibility of the risk becoming a reality.
There are various types of risk assessment – fire safety, health and safety, equipment usage, and risk due to the presence of hazardous substances. Alternatively, one can use a risk assessment matrix to visualize the company’s potential risks.
On the other hand, risk management focuses on everything that needs to be done after risks are identified. It is about building risk management strategies based on the risk assessment performed. Having performed risk assessment, the final step in the risk management process is risk control or treatment. It should be an integral part of any company’s process and systems.
It needs a concerted approach to integrating risk management processes with other business processes.
It is important to note that to make risk management effective it must be done collectively without siloes.
To build a culture of safety and quality, a business must conduct periodic risk assessments and proactively implement controls. However, the biggest challenge in risk management is the lack of effective risk assessment tools. If a company wants to adopt a proactive approach to risk management, having a manual process of identifying, sorting, assessing, and prioritizing risks can be challenging and tedious, even for a small business. The chances for uncertainty are high and can deeply impact the business, both in terms of compliance and business performance.
As automation is now touted as the next big thing in risk assessment and management, investing in a risk management system that supports automation has become an important requirement. If risk management is done in a silo, it becomes ineffective. Maintaining a centralized repository of identified risks at the project, department, or company level can help drive strategic decisions on potential threats.
With automation becoming a driving force for risk management, solutions such as CQ Risk Management Software leverages artificial intelligence to spot potential risks based on history and trending data. Organizations can now take a proactive approach to risk by using the solution’s Einstein Analytics to identify various quality and operational risks in a unified manner.
In 2019, American Operations Corporation (AOC) approached ComplianceQuest to automate risk and safety management workflows after facing several challenges with their legacy systems. Their biggest challenge with their legacy system was that the risk management process operated in a silo and was not integrated with other systems.
The company chose ComplianceQuest for its robust features, including real-time data visibility, flexible workflows, remote accessibility, and top-notch security capabilities. The implementation required minimal configuration as the out-of-box functionality fit well with AOC’s automation goals. To know more, read this case study here.
ComplianceQuest Risk Management Solution offers various benefits. Some of them are –
Watch the demo video to know more about our Risk Management Solution for Better Safety, Quality and Compliance: https://www.compliancequest.com/demo-video/risk-management-process/
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