The Easy Opportunity and Risk Management by qmBase

The Opportunity and Risk Management offers a guided process to trace and evaluate your business risks and opportunities. The positive and negative influences on your business operations and the planned business objectives are transparently documented and can be communicated within the company. In addition, direct actions to address these risks and opportunities can be linked and tracked. This ensures that all necessary steps are initiated and implemented to minimize risks and seize opportunities.

Easily Manage Your Risks and Opportunities

  • Easy Opportunity and Risk Management Software
  • Individual assessment criteria for risks and opportunities
  • Automatic reminders for the evaluation of risks and opportunities
  • Link actions to address risks and opportunities

With just a few clicks, you can trace and evaluate the risks and opportunities of your business. You can link these risk and opportunities directly to the necessary actions from the Task Management. All risks and risks and opportunities are register with a category and a responsible person.

The category specifies the criteria by which the opportunity or the risk is evaluated. The evaluation interval is also specified by the category. The Opportunity and Risk Management Software automatically reminds you of all evaluations to be performed. This ensures that you to keep an eye on opportunities and risks on a regular basis. At the same time, you can monitor the change of the risk and opportunity evaluations over time.

In addition, the Opportunity and Risk Management Software offers the possibility to directly link actions to address these risks and opportunities. This way it is traceable at any time, whether all necessary steps are initiated and implemented to minimize risks and seize opportunities.

With the help of the Opportunity and Risk Management Software you manage your business risks and opportunities in a much more transparent and efficient way.

Easily Tailor the Workflows to Your Needs

  • Customizable workflows for recording risks and opportunities
  • Individualized evaluation criteria for risks and opportunities
  • Evaluation according to to Failure Modes and Effects Analysis (FMEA) possible

You can easily adapt the Opportunity and Risk Management Software to your own needs and requirements. The workflow for recording risks and opportunities can already be adapted to the specific needs of your company. The form for recording risks and opportunities can be supplemented with additional custom fields. These can be text fields, date fields, number fields or drop-down lists. This ensures that all opportunities and risks are captured directly with all the necessary information

In addition, you can also customize the categories for opportunities and risks and their evaluation criteria individually for your company. The valuation interval for opportunities and risks also results from their category. The Opportunity and Risk Management Software reminds you automatically to regularly assess the respective opportunities and risks. The evaluation criteria can be completely freely defined by you. To do this, you define any number of evaluation parameters. Using these parameters and a freely definable formula, a risk priority number (RPN) is automatically calculated to assess the opportunity or the risk.

In this way, for example, a risk assessment can be carried out using the Failure Mode and Effects Analysis (FMEA). Since you can define all parameters completely freely, the Opportunity and Risk Management Software from qmBase offers you all the necessary freedoms to represent your individual challenges.

Normative Requirements for the Management of Risks and Opportunities

  • Support of risk-based thinking
  • Management of risks and opportunities
  • Direct linking of actions to address risks and opportunities

Numerous management systems state requirements on the management of opportunities and risks. The degree of the requirements deviates strongly from each other.

ISO 9001:2015 calls for the concept of risk-based thinking. Within this concept, risks and opportunities are treated largely equivalent. Risks and opportunities must be determined to prevent or decrease undesired impacts and to reinforce desired effects. In addition, actions to address these risks and opportunities shall he planned. The effectiveness of these actions shall be evaluated. However, a formal risk management is explicitly not required by ISO 9001:2015.

ISO 14001:2015 and ISO / IEC 27001: 2013 likewise consider both risks and opportunities. However, the focus is on the consideration and handling of risks. The ISO 13485: 2016 does contain the concept of opportunities and explicitly demands a risk management, especially in the context of product realization.

The implementation of the following management systems, among others, can be supported with the Risk Management Software by qmBase:

  • ISO 9001: 2015 – International Standard for Quality Management Systems
  • ISO 13485: 2016 – International Standard for Quality Management Systems for Medical Devices 
  • DIN EN ISO 14001: 2015 – Internationaler Standard für Umweltmanagementsysteme
  • ISO / IEC 27001: 2013 – International Standard for Information Security Management Systems