Systematic consideration of risk while making decisions is best conducted with robust risk management software. Taking a proactive approach to risk creates a more stable business environment and can be applied to virtually every aspect of your company.
The FMEA Software module (Failure Mode and Effect Analysis) is used to proactively consider the risks associated with a process, product or part. FMEA Software can be a very useful tool in the beginning stages of development, as it can focus a multi-disciplinary team of employees on the issues that could ultimately lead to mistakes, re-work, and unhappy customers.
The Risk and Opportunities module was developed in response to the changes in ISO 9001:2015 to address section 6.1 - Actions to address risks and opportunities.
This module allows the company to throw a risk analysis net over their entire company in a way that can be customized and organized in a way that best suits their risk management strategy.
This approach ensures that both an adequate effort is made, yet that effort doesn’t eat into valuable value-added resources, thus striking an appropriate balance between value added and risk management activities.
Whereas the FMEA module takes a project approach to the scope of the risk analysis, the Risk and Opportunity module can be linked to a variety of TLM Modules, thus providing ample flexibility to look at risks from multiple angels.