In today's quality and compliance management systems, the ability to control and correct processes is key to maintaining a high level of compliance within an organization. In many cases, the ability to discern the overall impact of events is a subjective determination, often relying on the individuals assigned to make the decision of whether the event is critical to the business or not. Being subjective can result in major errors and affect the overall compliance within an organization, and possibly lead to increased legal liability. Given that the increasing scrutiny of regulatory bodies leads to an ever-growing list of reported events, the likelihood of a severe non-compliance is greater than ever.
How can organizations effectively measure events from an objective standpoint to assess the overall impact? The answer is risk assessment and risk mitigation.
This session will examine the different methodologies for implementing risk-based technologies for quality and compliance and look at some leading trends in the industry regarding risk assessment and risk mitigation. We will also look into a case study of how an organization within the blood services industry is utilizing risk assessment in their compliance initiatives today.