Risk Exists; Therefore, Manage Risk
Every organization, business, and individual faces a relentless barrage of risk. Some risks are minor, while others may overwhelm.
We all deal with risk, manage risk, in our own way. For more than just yourself the management of risk is taking on a new level of organization and importance.
Risk exists whether or not we choose to plan, prepare, and mitigate.
The decisions concerning product reliability, and associated risks, require senior management (including the board of directors) engagement and commitment. While there is a wide array of business and societal risks the management team must address, the reliability performance of products and systems presents potentially catastrophic risks to any organization. [Read more…]