Coming Soon: Risk Management

Risks and opportunities often influence each other. It therefore makes sense to consider both together. Babtec's risk management software allows you to summarize, describe and clearly manage the risks and/or opportunities identified in the respective context (e.g. process, environment or workplace) in the form of an analysis map. This gives you a transparent overview of the risks and opportunities that you have identified as part of an analysis. If you have additional information that is important for the subsequent evaluation, you can collect these as attachments in the analysis map.

Based on the assessment made, you decide on your strategy for dealing with the risk: Should the risk be avoided or reduced or must it even be accepted. As part of your opportunity management, you would decide to seize a particular opportunity or not. In both cases, you document your decisions and your thoughts on how to proceed. If the decision is made to implement specific actions, then use the central task and action management of the Babtec software to track implementation and monitor deadlines.

You should monitor the identified risks and opportunities on an ongoing basis – not only in connection with tracking the defined actions, but also because various general conditions could change. To do this, set suitable review dates so that the evaluation can be carried out again at a later date. As each evaluation is retained in the analysis map, you can also see how the assessment of a specific risk or opportunity has developed over time.

Not only the standard for a quality management system, but also other management system standards require risk-based thinking and, above all, the integration of dealing with risks and opportunities into the company's processes. This means that you also need to think about risks and opportunities during the design, definition and process improvement phases. The module integration of the Babtec software will help you with this, as each process in the process management module can be linked to the associated risk/opportunity consideration.

This means that not only the person responsible for the process is aware of the risks and opportunities identified and the actions introduced in the central action management module, but also all other responsible persons who have access to these modules. This transparency is a prerequisite for being able to take the findings into account promptly and in coordination with all those involved in the relevant business processes.