Quality risks are imminent. An organization has to ensure that its production and distribution practices are well designed and controlled and significant quality risks to the product do not get escalated till the product or service is consumed.
Whether it is medicine or banking product or services, Quality Risks may happen and do happen.
An organization has to put in place the process of Risks Management for its products and services so as to ensure the continued and effective realization of its Quality Policy Goals and Objectives.
For identifying Quality Risks there are various tools and methods and Quality Risks Management has to be integrated with Total Management Processes of the Organization.