#42 – RISK: A PRODUCT – UMBERTO TUNESI

Umberto Tunesi pixRisk, a Product: what a bewildering idea!

Actually, it’s not quite a bewildering idea.

RISK = PRODUCT
When we look at some official definitions of risk, such as “the possibility of incurring misfortune or loss” and “to act in spite of the possibility of injury or loss”, and we compare them with the ISO 9000 definition of ‘product’, that is “result of a process” (3.4.2), any enterprise, that is a process, may incur in misfortune, injury or loss.

Therefore, the equation holds true: risk = product. Continue reading

#42 – ISO 9001:2015 AUDITABILITY – GREG HUTCHINS

Greg Hutchins pixI’m working on ISO 9001:2015 FAQ Book, which is part of our Future of Quality: Risk® series of books.

Our conclusion is that the new ISO revision is going to be a shocker to many companies, consultants, and certification bodies.  So, let’s look at some of the critical questions perplexing the larger certification bodies about the ISO 9001:2015 auditability. Continue reading

#42 – GEO-POLITICAL INSTABILITY & CONSEQUENCES TO THE SUPPLY CHAIN – STUART ROSENBERG

Stuart Rosenber pixIt is a known fact that we are in a new ‘world economy’, not through governments but on the level of common businesses.  Many small and mid-size companies need a how-to course on interacting with larger businesses.  Of course doing business in such a diverse environment is a trial unto itself as we’ve seen with a major US economic collapse and a 100% rise in oil prices.  Continue reading

#42 – ESSENTIAL ELEMENTS OF EFFECTIVE CAPA SYSTEMS – KEN PETERSON

The end result objective of a corrective and preventative action (CAPA) is, quite simply, a solution to the issue from which the CAPA was generated. If it is not driving toward a solution, a CAPA is a waste of time and resources. For organizations in regulatory environments, CAPA is an overarching umbrella—all control points flow through to the CAPA system.

From the perspective of regulatory agencies like the U.S. Food and Drug Administration (FDA), CAPA is viewed as the central component that affects all control points including design controls, production and process controls, records and documents change controls, material controls, and facility and equipment controls. Since more than half of Form 483 observations and warning letters cite CAPA deficiencies, it is evident that FDA investigators are likely to look first at a company’s CAPA system during their inspections. In recent years the FDA has been promoting the adoption of closed loop CAPA systems where CAPA is the tool that drives reports and keeps management informed. Continue reading

#42 – WHEN IS A BLACK SWAN NOT A BLACK SWAN? – GEARY SIKICH

UntitledINTRODUCTION
There seem to be a lot of sightings of ‘black swans’ lately. Should we be concerned or are we wishfully thinking, caught up in media hype; or are we misinterpreting what a black swan event really is? The term black swan has become a popular buzzword for many; including, contingency planners, risk managers and consultants. However, are there really that many occurrences that qualify to meet the requirement of being termed a black swan or are we just caught up in the popularity of the moment?  Continue reading