Risk Management Awareness 0909

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Company Confidential

Risk ManagementAwareness Presentation

Supply Chain Management Handbook

1Rev. Sept. 2010



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?

Contents

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Processes

• What are the Elements of a risk managementprogram?

• 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

Contents

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Risk Management Concepts &Philosophies

What is Risk?

ISO 31000:An undesirable situation orcircumstance that has both a likelihoodof occurring and a potentially negativeconsequence

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Where are we confronted with risks during the

business phases?

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What is risk management?

An iterative process to identify, assess,reduce, accept, and control risks in asystematic, proactive, comprehensiveand cost effective manner, taking intoaccount the business, costs, technical,quality and schedule programmatic

constraints.

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Why do you want risk management?

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. Theabsence of a Risk Management program can result in

known, unknown, and unknowable /unforeseen

problems for the Customer and Stakeholders

concerning the cost, schedule, and technicalperformance of programs and concerning the quality

and on-delivery performance of products and

services.

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What does a “Risk Management Program”

do?

Describes the organization's attitude and

approach towards risks, how it conducts risk

management, the risks it is prepared to acceptand how it plans on dealing with those it

chooses not to accept and defines the main

requirements for a risk management plan.

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do?

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 riskmanagement

to increase effectiveness of product and service delivery to

customer

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do?

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 riskknowledge, so it can be managed.

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Processes

What are the elements of a “Risk

Management Program”?

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Processes

Risk Management Tools (examples 9134)

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Processes


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Processes


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i k




Examples of types of risks;

Financial

Strategic

Compliance / Effectiveness

Operational / Planning including physical & environmental

Human Factors

Political (import export controls)

Environment Health & Safety

Ethical, legal, image

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Processes

Example of specific risks in that risk type

Adapted from : James Reason, Managing the Risks of Organizational Accidents, 1997, p. 12

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Ri k M t d th 9100



Risk Management and the 9100Quality 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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Risk Management Awareness 0909

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