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Title: Risk Management Awareness Presentation


1
Risk ManagementAwareness Presentation
Supply Chain Management Handbook
2
Contents
  • Risk Management Concepts Philosophies
  • What is risk? (ISO 31000)
  • Where do risks appear in the business phases?
  • What is risk management?
  • Why do you want risk management?
  • What does a risk management program do?

3
Contents
  • Processes
  • What are the Elements of a risk management
    program?
  • How do the elements relate to a Management System
    Risk Management Tools (9134)?
  • Examples
  • Examples of types of risks
  • Example of specific risks in that risk type
  • Organizational Risk Maturity Model
  • Risk managemnt and the 9100 Quality standard

4
What is Risk?
Risk Management Concepts Philosophies
  • ISO 31000
  • An undesirable situation or circumstance that has
    both a likelihood of occurring and a potentially
    negative consequence

5
Where are we confronted with risks during the
business phases?
Risk Management Concepts Philosophies
6
What is risk management?
Risk Management Concepts Philosophies
  • An iterative process to identify, assess, reduce,
    accept, and control risks in a systematic,
    proactive, comprehensive and cost effective
    manner, taking into account the business, costs,
    technical, quality and schedule programmatic
    constraints.

7
Why do you want risk management?
Risk Management Concepts Philosophies
  • To reduce the chances of something harmful
    happening to the business. This involves a focus
    on the risks to meeting customer requirements,
    and preventing product non conformance escapes.
    The absence of a Risk Management program can
    result in known, unknown, and unknowable
    /unforeseen problems for the Customer and
    Stakeholders concerning the cost, schedule, and
    technical performance of programs and concerning
    the quality and on-delivery performance of
    products and services.

8
What does a Risk Management Program do?
Risk Management Concepts Philosophies
  • Describes the organization's attitude and
    approach towards risks, how it conducts risk
    management, the risks it is prepared to accept
    and how it plans on dealing with those it chooses
    not to accept and defines the main requirements
    for a risk management plan.

9
What does a Risk Management Program do?
Risk Management Concepts Philosophies
  • A Risk Management Program
  • Helps Organization (company structure)
  • to identify risks
  • to reduce occurances and impacts of risks
  • to understand significance/severity of risks
  • to promote organizational behaviors forcused on
    risk management
  • to increase effectiveness of product and service
    delivery to customer

10
What does a Risk Management Program do?
Risk Management Concepts Philosophies
  • A Risk Management Program
  • Creates a process for who, what, when, where, how
    and how much.
  • Helps us to maintain information on historic
    issues.
  • Helps capitalize on historic issues to prevent
    future issues.
  • Helps organization bring out hidden risk
    knowledge, so it can be managed.

11
What are the elements of a Risk Management
Program?
Processes
12
Risk Management Tools (examples 9134)
Processes
13
Risk Management Tools (examples 9134)
Processes
14
Risk Management Tools (examples 9134)
Processes
15
Examples of types of risks
Risk Management Concepts Philosophies
  • Financial
  • Strategic
  • Compliance / Effectiveness
  • Operational / Planning including physical
    environmental
  • Human Factors
  • Political (import export controls)
  • Environment Health Safety
  • Ethical, legal, image

16
Example of specific risks in that risk type
Processes
Adapted from James Reason, Managing the Risks
of Organizational Accidents, 1997, p. 12
17
Organizational Risk Maturity Model
18
Organizational Risk Maturity Model
19
Organizational Risk Maturity Model
20
Risk Management and the 9100 Quality Standard
  • 0.1 General
  • 3.1 Definition of Risk
  • 3.2 Special Requirements
  • 3.3 Critical Items
  • 3.4 (7.2.1, 7.2.2, 7.3.3) Key characteristics
  • 7.1.1 Risk Management while doing Project
    Management
  • 7.1.2 Risk Management
  • 7.2.2 Product Risks
  • 7.4.1 Supply Chain Risk
  • 8.5.3 Preventive actions
  • Note When viewing the wording of the 9100 2009
    standard, be aware of wording such as 'as
    appropriate', 'complexity' and other wording that
    provides the organization for options. Applying
    the concepts of Risk may have an influence as to
    the options that an organization implements.
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