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Risk is defined as the potential hazard, harm or side effect of an activity. Almost all activities come with some or another form of risk, which needs to be mitigated or eliminated. Risk management is a major issue for regulatory compliance professionals. Our resources directory is a medium that helps them understand and overcome challenges. A few ISO standards, such as ISO 9004 cover risk management.

Risk Management is a key component of ISO 9004:2000

There is an intricate link between ISO 9004:2000 and risk management. Risk managers need to understand ways by which to apply this standard to mitigate risk. more...


Risk Management and its Seven Principles

Risk management and its seven principles need to be understood by any business. The understanding of risk management and applying its seven principles go a long way in helping a business assess the risks it is up against and in being realistic about its prospects. more...


What are the potential areas of risk management?

The most critical aspect of risk management is the identification of potential areas of risk management. This helps the organization to stay focused on the areas in which it could possibly face risks, rather than taking an aimless view and shooting about in the dark. more...


Benefits of risk management in all industries

The benefits of risk management can be felt across all industries. Risk management is a process that needs to be applied if the risks have to be mitigated and contained, if not fully eliminated. The benefits of risk management in all industries came into greater focus following the financial debacle of 2008. more...


Risk Management and Compliance in the Healthcare Industry

Risk management and compliance in the healthcare industry requires a high degree of foresight, observation and knowledge of the regulatory rules and principles. Apart from being aware of the regulations, risk management and compliance in the healthcare industry is a lot about being smart, inventive and observative about the day-to-day aspects of the workings of the industry, as this highly operationalized activity is changing at a rapid pace. more...


Understanding and implementing the risk management process

Understanding and implementing the risk management process is the key to implementing a risk management strategy in any organization, be it healthcare or manufacturing, or retail or human resources. This understanding and implementing the risk management process puts the organization to thorough regulatory compliance. It also ensures that the organization meets quality standard requirements in mitigating risks. more...


How is Risk Management Important to Project Success?

The answer to how risk management is important to project success is best illustrated by the fact that no project has ever succeeded without proper risk management. In other words, project management into which risk assessment has not gone in is as good as a doomed one. more...


How to do Risk Assessment and Management

How to do risk assessment and management is an important question that needs to be addressed by risk managers in any industry. Much of the project's or business' success depends on how thoroughly and diligently risk managers understand how to do risk assessment and management. more...


Risks and Risk Management in the Banking and Finance Sector

Risks and Risk Management in the Banking and Finance Sector are a matter of serious concern to the organizations concerned, to the employees involved in the industry, and to the economy too, finally. Risks and risk management in the banking and finance sector are thus a matter of extreme importance and urgency and need to be dealt with very strictly. more...


Supply chain risk management in 2017

Supply chain risk management is about understanding and applying risk management principles to risk management. A couple of major political developments that have been taking place starting in 2016 have the potential to spill over to 2017, making supply chain risk management in 2017 an interesting issue to analyze. more...


Network Security Essentials for Enterprise Risk Management

Network security is an absolute essential for enterprises. The reason for this is obvious: The risks of a security leak are too huge to be imagined. Enterprises therefore need to be on their toes in conceiving and implementing network security essentials for Enterprise Risk Management. more...


Best Practices in Vendor Risk and Compliance Management

Best practices in vendor risk and compliance management need to be inculcated by vendors who deal with them because of the enormous risk their activities carry. Implementation of best practices in vendor risk and compliance management goes a long way in checking risks and with it, the adverse fallouts of a vendor management program. more...


Risk Management in the Global Economy and outlook for 2017

Risk management in the global economy is a highly challenging field for risk managers from any part of the world. With most of the world's countries almost becoming part of the global economy in this era of globalization; it is emerging that risks that apply to one part any one nation's or group of nations' economy could affect many more in a chain reaction, or domino effect. more...


Quality Risk Management in the FDA-Regulated Industry

Quality risk management in the FDA-regulated industry is a vital area of regulation for the FDA. Risks to quality may arise from many sources. The FDA has entrusted itself with the responsibility of making sure that the quality of the products it regulates is maintained through a due process. more...


Risk management methods and tools in the pharmaceutical and life sciences industries

Understanding and implementing risk management methods and tools is crucial for the pharmaceutical and life sciences industries in view of the fact that errors in this area can lead to dangers for human life. Since any mistake in any chain of in this industry can lead to serious consequences; the FDA and other regulatory agencies have created a number of risk management methods and tools for these industries. more...


An understanding of Risk Management and Analysis for Medical Device Manufacturers

Risk management and analysis for medical device manufacturers is an essential set of approaches to quality in the field of medical devices. Implementing these is of absolute importance and criticality to the field, as the products in this industry are high-specialty ones that deal with human lives. A small error at any stage can send the product, and with it, the reputation of the manufacturer and even the healthcare provider, into a tailspin. more...


Ways of managing risk in construction projects

The ways of managing risk in construction projects need to be drilled down into the systems that are used in construction projects. Managing risk in construction projects entails not just ensuring the physical safety of the workers involved in the construction project, but goes much beyond. more...

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