Risk Management

RISK MANAGEMENT SOLUTION

MANAGE OPERATIONAL RISK TRACKING, EVALUATION, MITIGATION AND MONITORING PROCESSES EFFICIENTLY

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Risk Management management software

Use of Risk Management Solution

ISO 9001 has always advocated identifying, evaluating, mitigating, monitoring and leading to a culture of avoiding risk; it has implicitly addressed the issue through “preventative actions” in previous revisions. However, Risk-based thinking is presented within the introduction of the ISO 9001:2015 standard. ISO 9001:2015 replaced the term preventative actions with “actions to address risks and opportunities”. Industry specific standards including AS 9100, IATF 16949, ISO 13485, ISO 14000, etc. call out risk management requirements in varying degrees aligned with ISO 9001:2015 and thus risk management is a critical process that should be embraced and adopted as part of Enterprise Quality deployment strategy.
The ComplianceQuest Risk Management Solution, an integral part of our end-to-end Enterprise Quality Management System, is designed to help companies address ISO 9001:2015 risk management requirements by providing a complete and accurate picture of the risk landscape across product lines, business processes, and business units.

FEATURES

ComplianceQuest brings together all risk-related documentation in a single location through integration of Risk Assessment at each of the problem records including Audits, CAPAs, Change, Customer Complaints, Deviations, Nonconformances, etc. Solution allows to configure multiple risk types for evaluating different categories of operational risk.

Risk assessments can be launched from anywhere within the ComplianceQuest system to analyze hazards associated with any process or activity. The solution provides a framework for defining operational risk tolerance thresholds and policies complying to these thresholds are employed and followed for risk assessment and required analysis across the organization.

Solution provides employees from different departments with a simple and efficient method for participating in risk mitigation activities. ComplianceQuest Risk offers electronic workflows and signatures for evaluation, mitigation plan definitions, execution, review, and approval of risk activities and documentation.

Each mitigated risk can be monitored to ensure that the mitigation activities have done what they are supposed to and ensure that the residual risk is acceptable for a given product, process or operational risk.

The software’s standard methodology simplifies the application of resources in the most risk-prone areas. The ComplianceQuest Risk solution ensures that organizational risk tolerance is not exceeded.

Reach out to others across the enterprise and in the supply chain to solicit feedback without having to give up on the ownership of the tasks.

Access your EQMS solution on the go- anywhere, anytime and on any device. Complete access to the solution including reports, approvals, record views, reviews, alerts etc. ensures business continuity and improves efficiency, visibility and flexibility.
Utilize pre-developed best-practices based reports. Create any number of additional reports and dashboards to suit your requirement. Information is easily retrievable, helping you make quick decisions.
Like and follow relevant records in the system. Choose to be notified via email, dashboard, and mobile to stay abreast of developments.

Risk Screenshot

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