Does Your QMS Speak Risk?

Risk management can help streamline compliance in an objective and systematic way

Editor’s note: Quality Digest hosted Morgan Palmer’s webinar, “Defining and Building a Risk Management Strategy for Quality and Compliance Management Systems” on Tuesday, April 30, at 2 p.m. Eastern/11 a.m. Pacific.

When we look at the dynamics of commerce, from any industry, we see an increasing rate of change. Changes in products, processes, and regulations are all driving companies forward. One process affects the next, and with a growing emphasis on compliance regulations and standards in a global marketplace, complexity is the new cost of doing business.

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the seven sisters

I'm obviously not thinking of the beautiful norwegian waterfalls: these days I'm reading Benito Li Vigni, an italian oil expert, his 2006 book, the title of which could be translated "In the Name of Oil" - by the way, I also found on Youtube Vitor Hugo's piece "Secret of the Seven Sisters: the Shameful Story of Oil". To the extent risk management talks to quality & health & safety & environment management, how can we envisage some companies' conduct as consistent with risk management? Risk management, as it is commonly understood, is a social affair, it is not a profit-making gadget, as the QMS standards have become. Thank you.