In short, yes. It doesn’t matter who you are or where you sit in an organization, EVERYONE is responsible and accountable for risk-based thinking.
Businesses today face increasing levels of complexity and risk. Organizations are under pressure to deliver profitable business outcomes while operating in a socially and environmental responsible way.
According to a study conducted in 2019 by the American Institute of Certified Public Accountants, 59% of respondents perceived a significant increase in the volume and complexity of risk for their business in the last five years.
The modern management systems Standards, like ISO 9001, ISO 14001 and ISO 45001, define risk as “the effect of uncertainty.” This is understood in relation to achieving planned or expected business outcomes and goals. Under the Annex-SL structure, risk incorporates both negative risks and positive risks, or opportunities.
To remain competitive, businesses MUST incorporate risk-based thinking across the entire organization. It’s not just the responsibility of the quality manager, or individual process owners. Leadership sets the tone for risk identification and management during the strategic planning cycle.