ETQ Quick Guide: Five Common Risk Management Tools 

Risk-based thinking is the key to infusing quality principles into everything that your company does. Inrisk mgmt tools 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
Five Common Risk Management Tools