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    QMS Risk Identification

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    yogshastri
    The document identifies risks for XYZ Organization's quality management system across several areas including information technology, human resources, operations, contractual/legal, marketing/customers, natural and man-made disasters, financial, and management system. It provides a framework for assessing risks based on their likelihood and consequence to determine an overall risk score and category.

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    QMS Risk Identification

    Uploaded by

    yogshastri
    275 views6 pages
    The document identifies risks for XYZ Organization's quality management system across several areas including information technology, human resources, operations, contractual/legal, marketing/customers, natural and man-made disasters, financial, and management system. It provides a framework for assessing risks based on their likelihood and consequence to determine an overall risk score and category.

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    QMS Risk Identifictaion

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    The document identifies risks for XYZ Organization's quality management system across several areas including information technology, human resources, operations, contractual/legal, marketing/customers, natural and man-made disasters, financial, and management system. It provides a framework for assessing risks based on their likelihood and consequence to determine an overall risk score and category.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    275 views6 pages

    QMS Risk Identification

    Uploaded by

    yogshastri
    The document identifies risks for XYZ Organization's quality management system across several areas including information technology, human resources, operations, contractual/legal, marketing/customers, natural and man-made disasters, financial, and management system. It provides a framework for assessing risks based on their likelihood and consequence to determine an overall risk score and category.

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    RI S K ID E NTIF I CAT IO N OF XYZ ORG ANIZ AT I ON Q UAL IT Y MANAGEM E NT S YS TEM

    Risk Analysis

    Consequence

    Likelihood

    Risk Score
    Activity Risk Impact Mitigation /Control

    (L X C)
    (C)

    (L)
    Risk Rating

    Male ware/Spam

    Computer Breakdown
    INFORMATION/
    TECHNOLOGY
    Data Security

    Software /Human Error

    Employ dissatisfaction/dispute

    Insufficient technical skills

    Inadequate training

    HR & Absence of a constructive


    PERSONNEL company climate

    Poor talent management

    High staff turnover

    Psychosocial risks, like stress,


    bullying and harassment
    DISASTERS
    Accidents while Traveling
    WHICH EFFECT
    SENIOR AND
    Key individual losses
    KEY STAFF

    Page |1
    RI S K ID E NTIF I CAT IO N OF XYZ ORG ANIZ AT I ON Q UAL IT Y MANAGEM E NT S YS TEM

    Rejected product

    Contaminated / unsafe
    /defected products (Rework)

    Unexperienced Staff

    Planning and scheduling


    conflicts
    Late Deliveries/Poor Time &
    Efficiency Management
    Improper scheduling for
    OPERATIONAL maintained equipment and/or
    infrastructure
    Contaminated/damage raw
    materials
    Equipment
    breakdown
    unavailability of parts
    no preventive maintenance
    no calibration

    Superseded equipment

    Raw Material delays/Supplier


    Non conformance

    Breach of contract (either site)

    CONTRACTUAL/ Product liability


    LEGAL
    Statutory breaches

    Changes in Government

    Legislative changes

    Page |2
    RI S K ID E NTIF I CAT IO N OF XYZ ORG ANIZ AT I ON Q UAL IT Y MANAGEM E NT S YS TEM

    Defective products/loss of
    orders

    Export competition

    Limited range of products


    (Contractors)
    MARKETING/
    CUSTOMER Over-reliance on a small
    Customers/ Dependence on
    few ordering parties
    Loss of marketing channels
    /buying house
    Undetected changes in
    market/customer

    Arson

    Electrical

    Fire

    Flooding

    Industrial accidents
    NATURAL AND
    MAN-MADE
    DISASTER Power breakdown

    Sabotage

    Malicious
    damage/vandalism/terrorism
    Staff exposure to long-term
    hazards and pollution

    Water cuts

    Page |3
    RI S K ID E NTIF I CAT IO N OF XYZ ORG ANIZ AT I ON Q UAL IT Y MANAGEM E NT S YS TEM

    Industrial strikes

    Interruption of supply

    Loss of records

    Exchange rates

    Fines/judgment orders

    Fraud

    Inaccurate accounting and/or


    reporting systems
    FINANCIAL Inadequate costing systems
    (leading to unsustainable
    pricing)

    Inadequate insurance

    Inventory risk
    Old/uselessness stock
    - Stock losses

    Negligence of staff

    Poor cash flow

    Asset/liability management

    Credit rating

    Page |4
    RI S K ID E NTIF I CAT IO N OF XYZ ORG ANIZ AT I ON Q UAL IT Y MANAGEM E NT S YS TEM

    Ineffective training about QMS


    and Its requirements

    Lack of Continuous
    Improvement Process

    Lack of documented
    information control

    Poor communication
    (internal/external)

    Lack of customer satisfaction

    Supplier Performance not


    monitoring/
    Ineffective internal /external
    MANAGEMENT audit
    SYSTEM Ineffective corrective action on
    Internal audit
    MRM
    Customer Complaint
    Product Non Conformity
    Analysis of Data

    MRM not scheduled timely

    Resources not provided

    Objectives not SMART

    Risk with Product not


    monitored regularly

    QMS not formalized effectively

    Page |5
    RI S K ID E NTIF I CAT IO N OF XYZ ORG ANIZ AT I ON Q UAL IT Y MANAGEM E NT S YS TEM

    1.0 Risk Analysis


    1.1 Likelihood (L) score
    Score Frequency Description
    1 Rare This will probably never happen or recur
    2 Unlikely Do not expect it to happen or recur but it is possible it may do so
    3 Possible Might happen or recur occasionally
    4 Likely Will probably happen or recur, but it is not a persisting issue / circumstance
    5 Almost Certain Will undoubtedly happen or recur, possibly frequently.

    1.2 Consequence(C) score


    Consequence
    Catastrophic 5
    Major 4
    Moderate 3
    Minor 2
    Negligible 1

    1.3 Risk Scoring = Likelihood score (L) x Consequence score (C)

    Risk Assessment Matrix Risk Category


    Unacceptable/High Risk
    5 5 10 15 20 25 17-25
    Stop Activity & Make Immediate Improvements
    <----CONSEQUENCE-->

    Tolerable/Moderate
    4 4 8 12 16 20 10-16
    Look to Improve within specified time scale
    Adequate/Low Risk
    3 3 6 9 12 15 5-9
    Look to Improve at next review
    Acceptable/Very Low Risk
    2 2 4 6 8 10 1-4
    No Further Action Required but ensure controls are maintained
    1 1 2 3 4 5
    1 2 3 4 5
    <--------- LIKELIHOOD------>

    Page |6

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