Risk-Based Thinking

Nov 2, 2018 | Quality

Author: Liza Soh ( Management Consultant)

Risk-Based Thinking 01

What is risk?

The term “risk” is defined as a chance or possibility of danger, loss, injury or other. adverse consequences by Oxford Dictionary. Whilst ISO definition indicates that risk is the “effect of uncertainty on an expected result. The latest version of ISO 9001:2015 has included the component of risk-based thinking with people and leader involvement within an organisation. It replaced preventive action in earlier version of the standard.

What is risk-based thinking?

Risk-based thinking is an approach to continuous improvement. When using risk-based thinking, risk becomes an integral consideration where risk becomes proactive rather than in preventing or reducing undesired effects through early identification and action.

What are the differences between risk-based thinking and preventive action?

Risk-Based Thinking 02

Why use risk-based thinking?

Risk-based thinking brings benefits as followed:

  • improve governance
  • establish a proactive culture of improvement
  • assist with compliance
  • assure consistency of quality of products and services
  • improve customer confidence and satisfaction

How to integrate risk-based thinking in ISO 9001?

PDCA cycle focus on the utilization of risk-based thinking, to leverage on opportunities and preventing undesirable results. PDCA is an acronym for Plan, Do, Check, and Act.of health and safety.

The PDCA cycle can be briefly described as follows:

  • To establish the objectives of the system and its processes
  • To arrange the resources needed to achieve the objectives, aligned with customers’ requirements and organisation’s policies
  • To identify and address risks and opportunities

 

To implement what was planned in previous stage

 

 

 

  • To monitor and measure (if applicable) processes outcome
  • To report the results

To take actions to improve the performance of processes

Reference
https://www.iso.org/

How can Nexus Help?

We can provide:

  • Awareness training to help you understand the requirements of ISO 45001:2018, Annex SL, Risk Based Thinking and Empowering Leadership.
  • A gap analysis, which can be used to highlight the changes that will need to be made for transition from OHSAS 18001 to ISO 45001:2018 certification.
  • Guidance to help you with the transition from OHSAS 18001 to ISO 45001:2018 certification.

For further information, please call:
+603 7728 1637
OR

Our Services

ecology icon 12

ESG

Podcast

Tune In, Get Inspired.

Webinar

Connect & Learn.

w

Get In Touch

Damansara Intan e-Business Park, Unit C-02-08 (lobby 4) Block C, No 1, Jalan SS20/27, 47400 Petaling Jaya, Selangor, Malaysia.

T: +603 – 7728 1637 /
T: +603 – 7728 1590

W: +6013 – 294 3885

E: info@nexustac.com

Before we obtained our first ISO certification, we struggled to organize and manage a large volume of project documents without a proper system to control, distribute, and track them. Nexus Consultancy identified gaps in our processes that we ...

Read More
CITIC Sunsuria Sdn Bhd

Before we obtained our first ISO certification, we struggled to organize and manage a large volume of project documents without a proper system to control, distribute, and track them. Nexus Consultancy identified gaps in our processes that we had overlooked, guided us step by step, and provided practical advice. They made sure we understood the ISO system before implementing it. We were satisfied with the support we received throughout the certification process.

CITIC Sunsuria Sdn Bhd

We have worked with Nexus Consultancy since 2018, and their guidance and training have supported our quality management system over the years. After maintaining ISO 22000 certification for more than five years, we decided to pursue FSSC 22000 to build customer ...

Read More
Good Morning Bio Industries

We have worked with Nexus Consultancy since 2018, and their guidance and training have supported our quality management system over the years. After maintaining ISO 22000 certification for more than five years, we decided to pursue FSSC 22000 to build customer confidence and support future business opportunities. Throughout the certification process, the Nexus team was professional, helpful, and always ready to assist. Their prompt support made the journey smooth and successful. We were very satisfied with their service and rate it 10 out of 10.

Good Morning Bio Industries

Before ISO 37001, we had policies in place, but needed a clearer way to manage bribery risks consistently across the company. Nexus Consultancy guided us in putting a framework in place and supported us in achieving certification within our ...

Read More
Advancecon Infra Sdn Bhd

Before ISO 37001, we had policies in place, but needed a clearer way to manage bribery risks consistently across the company. Nexus Consultancy guided us in putting a framework in place and supported us in achieving certification within our timeline. My team found Nexus helpful and supportive throughout the process. We now have more consistent operations and better internal controls, which have strengthened our governance and helped build confidence among our stakeholders.

Advancecon Infra Sdn Bhd
We sincerely appreciate the continuous guidance, support and commitment provided by the Nexus Consultancy team throughout GMSB’s ISO implementation and certification journey. The team’s professionalism and dedication, together with the close collaboration between both teams, contributed...
Read More
Gigafactory Malaysia Sdn Bhd
We sincerely appreciate the continuous guidance, support and commitment provided by the Nexus Consultancy team throughout GMSB’s ISO implementation and certification journey. The team’s professionalism and dedication, together with the close collaboration between both teams, contributed significantly to the successful completion of the Stage 2 Audit
Gigafactory Malaysia Sdn Bhd
With our NPRA GMP certification, we had a solid foundation, but local compliance alone wasn’t enough to win international clients. Many of our potential customers specifically require ISO 22716, and we engaged Nexus TAC. Bella...
Read More
ORB Cosmex Sdn Bhd
With our NPRA GMP certification, we had a solid foundation, but local compliance alone wasn’t enough to win international clients. Many of our potential customers specifically require ISO 22716, and we engaged Nexus TAC. Bella, an experienced consultant, brought deep, practical expertise in GMP and ISO regulations. She detailed the clauses, oversaw our procedures, and introduced several new workflows for us to adopt. Thanks to Nexus TAC, we are now looking forward to more international customers, expanding our business, and meeting increased global demand. For any manufacturer serious about expanding beyond local markets, Nexus TAC is the trusted partner you need.
ORB Cosmex Sdn Bhd
Seamless process and the consultant is able to work directly with the MR & farm's management to get the things done.
QL Resources Berhad
Seamless process and the consultant is able to work directly with the MR & farm's management to get the things done.
QL Resources Berhad
The trainer was able to provide us with practical tips and tools that we could easily implement in our work life. Their teaching style was engaging and effective, and I felt confident that I would be able to apply what ...
Read More
Eastern Pretech (Malaysia) Sdn Bhd
The trainer was able to provide us with practical tips and tools that we could easily implement in our work life. Their teaching style was engaging and effective, and I felt confident that I would be able to apply what I learned in the session to my day-to-day work. Overall, I found the training to be very helpful.
Eastern Pretech (Malaysia) Sdn Bhd
Presentation and training were clear, concise, and interesting. They gave examples throughout the session, which helped me and my colleagues to understand the material better. Overall, we found the training to be excellent, and I would highly recommend!
CCS Corporation
Presentation and training were clear, concise, and interesting. They gave examples throughout the session, which helped me and my colleagues to understand the material better. Overall, we found the training to be excellent, and I would highly recommend!
CCS Corporation
One of the best trainers we ever engaged with. Thumbs up! The trainer’s expertise and knowledge in the subject matter were exceptional, and their insights and advice were invaluable. They made the training interactive and engaging.
DXN Industries (M) Sdn Bhd
One of the best trainers we ever engaged with. Thumbs up! The trainer’s expertise and knowledge in the subject matter were exceptional, and their insights and advice were invaluable. They made the training interactive and engaging.
DXN Industries (M) Sdn Bhd
Great training! They went above and beyond to make the subject interesting. The trainer did an excellent job of engaging the audience and bringing the material to life. The teaching style was energetic and enthusiastic, and trainer clearly put in ...
Read More
Hap Seng Trucks Distribution Sdn Bhd
Great training! They went above and beyond to make the subject interesting. The trainer did an excellent job of engaging the audience and bringing the material to life. The teaching style was energetic and enthusiastic, and trainer clearly put in a lot of effort to ensure that everyone was able to follow along and understand the material. I found the training to be both informative and enjoyable! Highly recommended!
Hap Seng Trucks Distribution Sdn Bhd

Contact Us

Share your contact details through the form below or reach out to us using the contact information provided.

Let’s have a conversation that can truly make a difference for your business.

Contact Form
Target date to start project / training.

Get ISO Tips & News From Nexus Consultancy

Sign up to Nexus Consultancy e-mail newsletter and stay up to date with useful ISO tips, news, special offers and more.