Every business has its own unique set of risks, but these ten types are common to all companies and can be managed through effective risk management strategies. Business Risk 1: Financial Risks Business Risk 2: Reputation Risk Business Risk 3: Operat...
What is risk management? What does it mean to manage risk? How should companies approach risk management? Today's world has become much more complex. Businesses need to deal with multiple risks at any given time. Risk management is the process of ide...
The mind mapping technique is a great way to organize information in your brain. It's also helpful in brainstorming, organizing projects and personal goals, planning out strategies, and more.What Is Mind Mapping?Mind mapping is a visual thinking meth...
Do you ever find yourself stuck in a rut? Or maybe even feeling lost? Lateral thinking is the ability to think outside the box. It's being able to look at problems from different angles and see new solutions. We are all capable of lateral thinking, b...
In a typical Six Sigma project, the DMAIC approach is used to improve an existing process. It requires a process to be in place and functioning. Design for Six Sigma (DFSS or DfSS) focuses on identifying customer needs and then designing products and...
In today's world, there are always threats lurking around the corner. Whether it's a natural disaster, cyberattack, terrorist attack, pandemic, or something else entirely, businesses need to be prepared to manage their operations efficiently if anyth...
A Quality Information System (QIS) is an integrated set of activities that provides timely, accurate, relevant, comprehensive, and reliable information about the quality of products or services produced by organizations. A QIS can provide decision su...
Performance Excellence Models (Quality Awards) were created in response to the demands for more transparent methods of assessing and comparing the performance of organizations. Organizations can use these models as a tool to identify where their stre...
The quality system is a set of procedures and activities designed to ensure that the organization's products or services meet customer requirements. The quality system can be defined as "the set of all processes, systems, people, and other resources...
In this blog post, we'll look at how quality planning, deployment, and documentation can help you manage products/projects better.What is a Quality Plan?A quality plan is an organized set of plans, policies, procedures, standards, and practices to ac...
