#9 – NISO AND NICE RISK ANALYSIS – JIM LAMPRECHT

Why would an international standard require companies to perform risk analysis?

NISO
The same question was asked a few years ago with the ISO 9000 series of standards but here at least one could supposedly claim that a quality system would theoretically improve the overall quality of a product still, one could ask the same question:  why make it a requirement to do business after all, for centuries the “market” had been and continues to be a semi-efficient process whereby inefficient and/or below average performing companies are eventually eliminated. Continue reading

#6 – CHANGES COMING SOON TO ISO 9001 AND COSO – SANDFORD LIEBESMAN – QUALITY@RISK

I’m a committee member for two very different standards—ISO 9001 and the COSO internal control guidance document used to comply with the requirements of the Sarbanes-Oxley Act (SOX).1  While these documents cover different activities in an organization, they share a need to update the current versions.

COSO is a management system that was originally developed in the 1980s in response to the savings and loan scandal.  It is used for internal control over operations and compliance to external financial reporting requirements.  COSO consists of five elements used to manage systems of internal control: Continue reading

#1 – FUTURE OF QUALITY: RISK MANAGEMENT! WHO SAYS? GOOGLE – GREG HUTCHINS

Greg Hutchins pixI’ve been a quality professional for years.  I’ve written some of the best selling books on quality.  But, over the last 10 years, I’ve noticed that quality professionals are endangered professionals.

Well remember the quality guru’s that said; “Everyone is responsible for quality.”  Well they were prescient.  What is the job of the quality professional, when everyone is responsible for quality?  Good question. They may be endangered based on the following data points:

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