Over the past decade or so, the topic of risk analysis has become an increasingly important subject.  Recently and belatedly, the ISO 9001 committee decided to sprinkle throughout the standard requirements for risk analysis that will be part of the 2015 revision.

Risk analysis need not be a difficult subject to address and yet, a Google™ search of “risk analysis” will yield over 344 millions results!  Even if only a tenth of a percent of these results is of interest, anyone interested in the subject may well need several lifetimes to read them all.  Worse yet, should you be able to complete this Herculean task, you may still not know what to do or how much to do. Continue reading →