Strategic risk should be accounted for as part of the business plan, objectives and targets, and the associated (what the standard calls) “context” risks and opportunities. These are things happening in the outside world that might help or hinder your march to meeting your objectives.
The operational risks are dealt with as part of the activities undertaken to streamline your delivery processes.
And, oddly, financial risk sits outside of ISO’s direct remit… but can always be included should you wish it to be. We think it’s a good idea (but not a direct ISO requirement).
So, ISO 9001 helps you identify potential risks early and address them before they turn into bigger problems. The proactive approach to risk management helps keep everything running smoothly and helps prevent costly mistakes that could disrupt your business.
For example, a company may identify a weak link in its supply chain or quality control process and address it before it leads to problems, complaints, delays or defects. By staying ahead of problems, you can maintain a steady flow of operations and prevent costly setbacks.
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