Your Reliability Engineering Professional Development Site
Planning and Implementing a risk management framework is an admirable accomplishment. Now make sure it is running well and will do so into the future.
As with any process, there will be opportunities to make improvements. By monitoring and reviewing your program you will find what is working well and what is not. [Read more…]
Quality, system, and internal auditing are focusing on risk management, process control, process capability, and organizational effectiveness. These value added audits require more information to be collected and analyzed to evaluate value, risk, waste, effectiveness, and efficiency. As an organization moves toward value added auditing, the auditor or audit team will collect more information, conduct in-depth analysis, and obtain sufficient evidence in order to reach conclusions. [Read more…]
Value Added Auditing(VAA) is risk based auditing. Or another way to think about it is VAA is analytical auditing where the sponsor and auditee get valuable information to improve their operations and become more competitive.
So, what can VAA do for you? [Read more…]
Guest Post by John Mason (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
The audit is finished, the exit meeting conducted and the audit report has hit your desk. As discussed, there should be no surprises, there should be correctly categorized findings, and specific examples.
Now you have 3, 6, 9 or 12 months in which to fix them.
If you have findings that have to be addressed within 3 months, then you have got a nonconformity or a major corrective action (of course the names are different for every certification service provider). [Read more…]