ETQ Quick Guide: Five Common Risk Management Tools 

Risk-based thinking is the key to infusing quality principles into everything that your company does. In fact, ISO 9001:2015 prescribes risk management as the core to quality. But to make risk-based thinking a practical part of your quality management processes, you need to have the right tools on hand for risk management.

In this quick guide, you'll learn about a variety of risk management tools: 

• Decision Tree Analysis
• Risk Matrix
• Failure Modes and Effects Analysis (FMEA)
• Bowtie Analysis
• Risk Register