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Introduction to Risk-Based Thinking (RBT)

Introduction to Risk-Based Thinking (RBT)

Every business faces risk. Why is it such a hot topic in business media? The latest version of the International Organization for Standardization (ISO) 9001 now requires companies to address risk within the quality management system (QMS). Managing risk via the QMS was implied in previous versions of the standard but is explicit in 9001:2015.   Let’s start with a brief explanation from ISO’s paper, Risk-Based Thinking in ISO 9001:2015, published with the updated standard: “Risk is inherent in all aspects of a quality management system. There are risks in all systems,…  read more →

Posted in: Business Tips & Advice, Eastman Business Park  |  Tagged: business strategy, risk-based thinking