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Risk management in codeBeamer ALM software The various processes related to risk management aim to identify, track and manage risks. Risk management is extremely important for industries where the products contain embedded software and where software failures can cause major injuries or death to users. Healthcare (medical device development), aviation and the automotive industry are considered as Safety Critical Industries, where it is crucially important to ensure high quality of software. These industries are usually regulated by diverse standards to describe processes and to avoid software failure. codeBeamer ALM software supports Risk Management Products with failures that have the potential to cause serious injury or death are recalled immediately. Due to increasing complexity and therefore growing software failures, there are thousands of recalls (of medical devices, vehicles etc) each year. codeBeamer ALM software supports Risk Management in the following areas: Risk Identification Classification and Assessment Hazard Analysis Risk Reduction Plan Risk Mitigation Actions Documentation and Reporting The above-mentioned steps are supported with specific Risk trackers, Risk Management Workflows and special reporting features. Watch our webinar video to see how to reduce risk by defining and executing mitigation actions.