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By following such a process risk can be adequately ameliorated which perhaps is the most important measure managing risk for individual changes is of value, companies with advanced MOC capabilities are able to measure fewer resources being spent redoing hazard analysis, risk assessments and implementing unnecessary risk measures

Outcomes may improve although these are often not measured or used to drive continuous improvement. Define how progress will be measured.

Compliance was measured by conformance with product specifications, which in turn would help identify defects, that would be corrected or at least measures put in place to prevent them from occurring again These standards, not the management standards, but the ideal of what we want, act as a measuring stick

Doing this will create better risk registers but more importantly provide better measures to improve

Key Takeaway: Risk Theory encourages organizations to build effective risk measures to improve the probability

How do we measure and monitor performance?

Aligning these is a measure of Integrity and is something we must all continue to work on.

These would be considered as measures of assurance.

How would you manage and measure progress across the five years?

start by: Implementing robust quality control processes Training teams in quality management techniques Measuring

serve crucial functions in ensuring: Quality control Safety standards Sustainability practices Security measures

Japanese PDCA PDSA PDCA / A3 (Lean) DMAIC (Six Sigma) Kaizen / Toyota Kata Observe-PDCA OODA Build-Measure-Learn (“What to do” and “how to do it”) D-Do: implement and control what was planned C-Check: monitor and measure