Understanding Risk is a Matter of Perception Looking at all the discussions regarding the definition of risk on various platforms and by different groups, I am still surprised by the way some people look at the concept ‘Risk’. This limited and outdated view on risk by some of these people also saddens me, despite all
What is Risk Based Thinking? What exactly do we mean when we talk about Risk Based Thinking? The last revision of ISO 9001 (2015) introduced the concept of Risk Based Thinking. In this ISO standard, a company-wide approach to quality is promoted. This updated approach substitutes the concept of preventive action by ‘Managing Risks and
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