Scribd
Upload
112 views16 pages

Riskopportunityanalysis 170307081620 PDF

This document discusses risk and opportunity analysis according to ISO 9001:2015. It outlines the steps to conduct a risk assessment, including systematically investigating and analyzing potential risks. Business processes like sales, purchasing, and quality control are analyzed. Severity and probability ratings are developed to assign a risk score and prioritize actions. Interested parties' requirements are also considered. The document provides templates for a severity table, probability table, and risk matrix to guide the analysis. The goal is to identify current risks and controls and determine new actions to address high-risk issues proportionate to their potential impact.

Uploaded by

andi wahyudin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
112 views16 pages

Riskopportunityanalysis 170307081620 PDF

This document discusses risk and opportunity analysis according to ISO 9001:2015. It outlines the steps to conduct a risk assessment, including systematically investigating and analyzing potential risks. Business processes like sales, purchasing, and quality control are analyzed. Severity and probability ratings are developed to assign a risk score and prioritize actions. Interested parties' requirements are also considered. The document provides templates for a severity table, probability table, and risk matrix to guide the analysis. The goal is to identify current risks and controls and determine new actions to address high-risk issues proportionate to their potential impact.

Uploaded by

andi wahyudin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 16

Risk &

Opportunity
Analysis
(ISO 9001:2015)
By: Ghiru
RISK ASSESMENT

• Systematic Investigation & Analysis of potential risk


• To assign severities of probabilities & consequences
• Rate the risk to prioritize action proportionate to potential
impact

By: Ghiru
RISK & Opportunity
Analysis
• Business processes in Quality Management System
 Sales & Marketing
 Purchasing / External Providers
 Production
 Warehousing & Logistics
 Quality Control
 Document Control
 Human Resources

• Manufacturing Processes
 As in Control Plan / Process Flow Chart

By: Ghiru
RISK & Opportunity
Analysis

• External & Internal issues


• Interested Parties Requirement

By: Ghiru
Step 1: Choose Risk & Analysis
Tool
• Various analysis tools are available
 FMEA
 SWOT
 HIRARC
 Others

By: Ghiru
Business Risk & opportunity Analysis

New Actions to handle


Identifying current
the risk that has high
Risk & Control
score

Process &
Function of
By: Ghiru
the process
Step 2: Define Ranking Method

• Develop Severity and probability rating scores


• Develop Risk Matrix & define rating to take action

By: Ghiru
Severity Table
Severity Situation Rating
Risk or Opportunity that if not addressed, may cause the Organization to cease
Disastrous
bankrupt 5
Risk or Opportunity that if not addressed, may :-
 Seriously affecting the organization's reputation & credibility
Major  May cause lost of future customers
 A loss of about ½ year revenue
4
 Causing the production to shut down for 10 days or more

Risk or Opportunity that if not addressed, may :-


 Affecting the organization image / function / requirement
Serious  May completely loss the customer
 A loss of about ¼ year revenue
3
 Causing the production to shut down for 5 ~ 9 days

Risk or Opportunity that if not addressed, may :-


 Slightly impacting the organization image / function / requirement
Moderate  Required explanation to the affected interested parties
 May cause revenue loss of RM10K ~ 50K
2
 Causing the production to stop for 1 ~ 3 days

Risk or Opportunity that if not addressed, may :-


Minor
By: Ghiru  Causing discomfort to the interested parties
 Causing the production stop less than 24 hrs.
1
Probability Table
Probability Situation Rating
• Risk that has occurred based on previous record in the organization
Very Likely • Opportunity that has been adopted and proven with beneficial result 5
• Risk that has not occurred in the Organization but based on previous record in similar
industry or competitor
Possible
• Opportunity that has not been adopted by the Organization but has been adopted by
4
similar industry or competitor with proven good result
• Risk that may occur if situation is not properly managed due to carelessness,
Likely ignorance or inexperience 3
• Opportunity that may be implemented but with intangible beneficial result

• Risk that has not been known to occur after many years
Remote • Opportunity that might not be viable due to requirement of high capability and 2
investment for implementation

Unlikely Almost not possible to happen or implement 1

By: Ghiru
Risk Matrix
Severity
Probability of
1 2 3 4 5
Occurrence
5 5 10 15 20 25
4 4 8 12 16 20
3 3 6 9 12 15
2 2 4 6 8 10
1 1 2 3 4 5

By: Ghiru
Trigger Level
RISK LEVEL GUIDELINES FOR ACTION
• Immediate intervention from the top management is needed to
HIGH ensure that a concrete controls is in place to avoid occurrence
[15~ 25 Points] • Control established must be able to reduce the Risk to at least
Medium Level
• For 10 points and above, must be given with additional control to
reduce the risk level
MEDIUM • For below 10 points additional control may be taken if there are any
[5~12 Points] opportunity to do so
• Medium Risks shall be reviewed periodically to ensure that they are
not turned into High Risk
• Not compulsory to have additional control but it may be done
voluntary
LOW • Shall be reviewed regularly to ensure that they are not turned into
[1~4 Points] High Risk
• Reduce the risk to as low as possible & practical

By: Ghiru
Step 3: Define The interested
Parties, Their need & expectation

By: Ghiru
 Complying to International
Standards
 Implement & Maintain ISO
Certifications
 Business continuation
 Good payment terms

 Quality & Reliability of Product


 On time delivery of the parts
 Effective communication & Good
CAR handling practices
 Fulfill legal & safety requirement
 Reasonable product cost &
dependable services

 Salary on Time
 Taken care of the welfare

 Complying to legal requirement


 Profitable business
 Maintaining business licenses

 No pollution or Public
nuisance
By: Ghiru
Step 4 : Identify process

By: Ghiru
Step 5 : Carry out Risk &
Opportunity Analysis

 Carry out for identified processes


 Include interested parties expectation
 Include past experience

By: Ghiru
By: Ghiru

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy