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Comparing Risk and Quality Management

Quality has always been a vague term through countless eons of different industries but some vocabularies have been fit to describe what it means such as having the capability to satisfy customers with no defects and hassling features, top ability to feed its purpose along with having stellar security, reliability and more.

One of the most famous organization in the word, the International Organization for Standardization, has also become one of the greatest provider of a working meaning for quality which pertains to a product or a service’s characteristics which fully satisfies the requirements of which it was made for.

There’s also a site out there which specifically refers to quality as achieving uniformity or consistency in a production, creating an efficient system that will produce service and products that are not far apart from each other when it comes to outcome and satisfaction.
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Quality Management is also proven to be diverse when it comes to different industries and when you delve deeper into it on software development industry, you’d find that there are even different characteristics tied up to it which describes quality in the aforementioned industry.
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However, this quality characteristics can be switched up as quickly as changing your perspective and when looking at the example of characteristics, they can become risks instead of being goals for your quality.

In light to this facts presented, it is easy to see that risk management is basically just like quality which is used to achieve results but they differ in terms of approach as risk management sees things in its own perspective – seeing potential problems and addressing them to achieve quality.

Design and Executing that design is what lies at the core of the Quality Management while making sure that a product is efficient in terms of using the resources provided by the company, effective in terms of having the capability to do what it was designed for, and economic as it can be maintained for times to come while getting profit which the company seeks.

On the other hand, you’ll achieve supreme risk management if you prioritize addressing the problems and risks involve in achieving a specific goal and ensuring yourself and the company that you’ll be able to get rid of these risks in order to achieve what the company is vying for.

Despite the approach of the two being different from each other, Risk and Quality Management are both essential parts of a business as they make sure that you’ll be intricate throughout the process of achieving your goal while having a clear sight of your end result and paving your way through pushing off risks from your path.