Risk assessment provides a quantitative technique for picking the Corrective Actions you need to work on now and the ones you can leave to later. Using a rating of probability and severity (and optionally detectability), supported by clearly documented guidelines, you can calculate a risk level for each Corrective Action. With this information, you can set a risk threshold for determining which Corrective Actions to work on. Complete all those Corrective Actions first, regardless of their issue date or "priority" level, before moving to lower-risk Corrective Actions.
Learn why leading organizations of all sizes and industries trust ETQ. See how ETQ Reliance 2019 sets a new standard for a powerful, flexible, easy-to-use QMS.
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