Risk assessment is a pillar of the quality system because it gives us the ability to anticipate in a consistent manner. It is built on some fundamental criteria:
Criteria | Asks | Ensure |
Expertise | What sort of expertise is relied upon to look into the future | Diversity in expertise. Drive out subjectivity |
Frequency | How often are future threats and opportunities assessed? | Living risk assessments, cycles of review. |
Communication | How are the expectations of future events communicated or shared within the system? | Risk register. Knowledge management. Continuous improvement. Management review |
Strategy | What is the model of the future | Sensemaking |
Time horizon | How far ahead does the system look ahead? Is the time horizon different for different organization areas? | System building |
Acceptability of Risks | Which risks are considered acceptable and which unacceptable? On which basis? | Controls |
Culture | Is risk awareness part of the organizational culture? | Risk-based-thinking. Mindset |

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