Lakshy announces 4 Day Training course on Laboratory Management System and Internal Audit as per ISO 17025:2005 (B) TRAINING COURSES ON LABORATORY MANAGEMENT SYSTEM S.N Title Feb Mar Apr June July Aug Sep Oct Nov Dec 1 Measurement Uncertainty – Principle & Practice 24-25 - - - - - - - - - 2 Laboratory Management System as per ISO 17025:2005 and Internal Audit. - - - - 02-05 - - - - - 3 Measurement Uncertainty – Principle & Practice - - - - - - 20-21 - - - 4 Laboratory Management System as per ISO 17025:2005 and Internal Audit. - - - - - - - - 19-22 - 5 Measurement Uncertainty – Principle & Practice - - - - - - - - - 17-18 Lakshy announces 4 Day Training course on Laboratory Management System and Internal Audit as per ISO 17025:2005 Training Date: March 20 – March 23, 2012 (4 Days) Location: Mumbai Fees: Rs. 19,000 per participants(Non Residential) Training Summary: This comprehensive training course is for any individual associated with a testing / calibration laboratory that is accredited / in the process of accreditation to ISO 17025. End of this training, you will be fully equipped to plan, analyse and initiate implementation of this globally recognized quality management system for laboratories to demonstrate their competence. A certificate will be issued to all the participants who successfully complete the training. Who should attend: Technical Manager, Quality Manager, Laboratory Manager, Laboratory Technicians, anyone associated with laboratory or ISO 17025 Training Content:- 1. Overview of ISO/IEC 17025 Standard – All clauses i) Structure of ISO 17025 ii) Benefits of ISO 17025 iii) Management Requirements for ISO 17025 iv) Technical Requirements for ISO 17025 v) Documentation for ISO 17025 vi) Introduction to important concepts of method validation, inter laboratory comparison, proficiency testing, Uncertainty of Measurement (UOM) etc. 2. Introduction to Audit i) Important terminology i) Audit Types ii) Audit Methods and Techniques 3. The Audit Process i) Pre-audit activities iii) Adequacy audit 4. Syndicated exercise on Adequacy audit 5. The Audit Process (contd) iv) Detailed Audit Planning v) Audit sampling vi) Preparing Check Lists vii) On-site Audit 6. Syndicated exercise on preparation of audit schedule 7. Syndicated exercise on checklist preparation 8. The Audit Process (contd) viii) Interviewing and Questioning Techniques ix) Reporting Non-conformities 9. Syndicated exercise on identification of non-conformities 10. Syndicated exercise on writing of non-conformities 11. The Audit Process (contd) x) Opening & Closing meetings xi) Auditor & Auditee tactics 12. Solution of Specimen Question Paper 13. Auditor Attributes 14. Preparation of Audit Report 15. Corrective actions 16. Follow-up on Internal Audit 17. Examination
Lakshy announces 4 Day Training course on Laboratory Management System and Internal Audit as per ISO 17025:2005
March 16th, 2012 
ISO Certification Consultants Badir Program for Technology Incubators completes ISO 9001: 2008 Certification, Riyadh, Saudi Arabia.
March 12th, 2012 ISO Certification Consultants With a view to better their organisation by setting up a Quality Management System, Pl Badir contacted Lakshy Informatics Consultant Pvt. Ltd with their expertise in ISO 9001 to implement the quality management system.
Lakshy Informatics Consultant is a global management consulting firm specializing in customized and result-oriented solutions to help organizations implement change and improve business performance. We offer onsite consulting solutions and online consulting solutions for ISO 9001 certification.
The BADIR program is responsible for the development and operational functions and activities related to technology innovation, entrepreneurship and incubation policy and programs.
Consultant Mr Kaushal Sutaria from Lakshy Informatic Consultant Pvt. ltd. worked closely with Management Representative for the ISO 9001 implementation process for Pl Badir.
Initial awareness training was conducted by the consultant to impart basic knowledge and input to key people of the organization, followed by Gap Analysis. On the basis of gap analysis report provided by the consultant, required tasks were completed that included preparation of quality manual, functional processes, SOPs, work instructions, guide lines and functional formats. These were formally issued to all the users by the M.R.
A rigorous internal audit was carried out and all the observations and findings were discussed in the MRM – Management Review Meeting and required actions were taken by the management to close them and on the basis of positive outcome of the Internal audit, it was decided to do the final certification audit, which was conducted by ACS Registrar.
ISO 9001 certification audit was concluded successfully without any major or minor non conformity. Experience and expertise of the Lakshy Informatic consultant Pvt. Ltd – India in providing ISO certification consultation was evident through pre assessment audit as no non conformities were found during the audits and the organization was recommended for ISO 9001:2008 certifications.
Lakshy Informatic Consultant Pvt. ltd extended its warmest greetings and congratulations to Badir Program for Technology Incubators on achieving ISO certification and efforts put the entire team were appreciated.
For Media and PR Contact:-
Lakshy Management Consultant Pvt. Ltd.
229, Sai Chambers, Sector 11, CBD Belapur,
Navi Mumbai 400614, India
Website: www.lakshy.com, www.iso-consultants.com
Phone: +91 22 4024 3139
Mobile: +91 9821780035
Lakshy Initiates ISO 9001, ISO 14001 and OHSAS 18001 Integrated Management System Consulting project with Baynunah General Cleaning
March 12th, 2012 ISO Certification Consultants Baynunah General Cleaning, with a view to better their organisation by setting up an Integrated Management System, contacted Lakshy Management Pvt. Ltd with their expertise in ISO 9001, ISO 14001 and OHSAS 18001 to implement the Integrated Management System.
Lakshy Management will assist in the following system implementation to complete the project which will cover awareness training, gap analysis, Aspect Impact and Risk Assessment Analysis, Formation of Legal Register, Formation of SOPs and other such documentations, Documentation workshop, implementation assistance, internal audit, pre-assessment audit and facilitation during final certification audit.
Lakshy Management is a global management consulting firm specializing in customized and result-oriented solutions to help organizations implement change and improve business performance. We offer onsite consulting solutions and online consulting solutions for ISO 14001, ISO 9001 and OHSAS 18001 certification.
Our customers have been utilizing our services not only for initial certification consulting but also post certification consulting to ensure that our consultants regularly add value to the business processes of our customers and their process & quality standardization initiatives.
As each organization has its own unique needs and goals at different stages of its business life cycle, we design our solutions that are effective and tailored to each organization’s specific needs. Our customers have been utilizing our services not only for initial certification consulting but also post certification consulting to ensure that our consultants regularly add value to the business processes of our customers and their process & quality standardization initiatives.
For Media and PR Contact:-
Lakshy Management Consultant Pvt. Ltd.
229, Sai Chambers, Sector 11, CBD Belapur,
Navi Mumbai 400614, India
Website: www.lakshy.com, www.iso-consultants.com
Phone: +91 22 4024 3139
Mobile: +91 9821780035
Lakshy Initiates ISO 9001 Consulting project with Yellow Flower Trading Company, Dubai, UAE
March 3rd, 2012 ISO Certification Consultants Established in 1987, Yellow Flower Trading offers the convenience of a one stop shop in the field of fashion wear for customers through a total value added package comprising of:
• Product design and development
• Sourcing
• Management of quality assurance
• Merchandising
• Warehousing & Distribution
With a view to better their organisation by setting up a Quality Management System, they contacted Lakshy Management Consultant Pvt. Ltd with their expertise in ISO 9001 to implement the quality management system.
Yellow Flower Trading known for their exciting designed products and quality which are presented in collections that reflect their aspirations and provide the best. Their products include a variety of garments for:
• Mens
• Ladies
• Children
Recently they diversified into home linen as well.
Lakshy Management Consultant is a global management consulting firm specializing in customized and result-oriented solutions to help organizations implement change and improve business performance. We offer onsite consulting solutions and online consulting solutions for ISO 9001 certification.
Lakshy Management will assist in the following system implementation to complete the project which will cover awareness training, gap analysis, documentation workshop, implementation assistance, internal audit, pre-assessment audit and facilitation during final certification audit.
We offer onsite consulting solutions and online consulting solutions for ISO 9001 certification. Our customers have been utilizing our services not only for initial certification consulting but also post certification consulting to ensure that our consultants regularly add value to the business processes of our customers and their process & quality standardization initiatives.
As each organization has its own unique needs and goals at different stages of its business life cycle, we design our solutions that are effective and tailored to each organization’s specific needs. Our customers have been utilizing our services not only for initial certification consulting but also post certification consulting to ensure that our consultants regularly add value to the business processes of our customers and their process & quality standardization initiatives.
For Media and PR Contact:-
Lakshy Management Consultant Pvt. Ltd.
229, Sai Chambers, Sector 11, CBD Belapur,
Navi Mumbai 400614, India
Website: www.lakshy.com, www.iso-consultants.com
Phone: +91 22 4024 3139
Mobile: +91 9821780035
Lakshy Initiates ISO 10001 Consulting project with Casablanca Group , Jeddah
March 3rd, 2012 ISO Certification Consultants Casablanca group of Hotels in Saudi Arabia is committed to winning the satisfaction of the guests and customers and achieving their expectations with respect to the quality of the hospitality services including the internal and external parties and organizing conferences and symposiums as well as the Health Club and mass catering.
With a view to better their organisation by setting up ISO 10001 for Customer Satisfaction, they contacted Lakshy Informatics Pvt. Ltd with their expertise in ISO 10001 to implement the management system.
Lakshy Informatics is a global management consulting firm specializing in customized and result-oriented solutions to help organizations implement change and improve business performance. We offer onsite consulting solutions and online consulting solutions for ISO 10001 certification.
Lakshy Informatics will assist in the following system implementation to complete the project which will cover awareness training, gap analysis, documentation workshop, implementation assistance, internal audit, pre-assessment audit and facilitation during final certification audit.
As each organization has its own unique needs and goals at different stages of its business life cycle, we design our solutions that are effective and tailored to each organization’s specific needs. Our customers have been utilizing our services not only for initial certification consulting but also post certification consulting to ensure that our consultants regularly add value to the business processes of our customers and their process & quality standardization initiatives.
For Media and PR Contact:-
Lakshy Management Consultant Pvt. Ltd.
229, Sai Chambers, Sector 11, CBD Belapur,
Navi Mumbai 400614, India
Website: www.lakshy.com, www.iso-consultants.com
Phone: +91 22 4024 3139
Mobile: +91 9821780035
Importance of emergency planning and drill for OHSAS 18001 standard implementation
February 18th, 2012 ISO Certification Consultants Emergency Planning to deal with situations is an important element of OHS Management System.
Emergencies can occur at any time which gives rise to the need of rapid decisions, resources and trained personnel. If there is a lapse in any of these, including time, it can lead to chaos and stress which leads to poor judgment resulting in severe losses.
Preplanning prevents possibility of disaster. It provides the major benefit of providing guidance during an emergency.
By developing an Emergency Response plan, one indentifies the unrecognized hazardous conditions that would aggravate an emergency situation and indentifies and implements ways and means to eliminate them.
The planning process brings to light deficiencies, such as the lack of resources (equipment, trained personnel, supplies), or items that can be rectified before an emergency occurs. It specifies procedures for handling sudden unexpected situations.
Completing a comprehensive plan for handling emergencies is a major step toward preventing disasters. However, it is difficult to predict all of the problems that may happen unless the plan is tested.
Drills have be conducted to practice all or critical portions (such as evacuation, caring of the injured.) of the plan. A review after will point out areas that require improvement.
The Drills may throw light on the shortcomings of the entire response process, which can be reviewed and changes could be made to the existing plan. Need for training to properly respond to emergency situations may also be identified.
In conclusion an emergency plan promotes safety awareness and shows the organization’s commitment to the safety of workers and a properly conducted drill helps maintain a high level of proficiency.
Measurement Uncertainty
February 18th, 2012 ISO Certification Consultants Measurement Uncertainty
For the uncertainty to be truly meaningful, it must address the entire measuring process, which may have uncertainties associated with factors such as equipment calibration, equipment resolution, operator skill, sample variation, and environmental factors. In many cases, sample variability and operator skill are the largest sources of uncertainty and they are often the only source considered when only the repeatability of a measurement is evaluated. However, a more thorough analysis considers other sources of uncertainty. As a minimum, in addition to the repeatability evaluation, an uncertainty analysis should consider the instrumentation/standard calibration and the resolution of the instrumentation.
The following a summary of the main steps in an uncertainty evaluation.
- Define the measured. (Determine exactly what needs to be measured.)
- Carry out the needed measurements.
- Evaluate the uncertainty due to the calibration standard and/or instrumentation used for the measurement.
- Evaluate resolution/readability of all instrumentation.
- Evaluate the repeatability.
- Identify and evaluate other sources of uncertainty.
- Prepare uncertainty budget documentation.
- Evaluate reasonability of budget.
- Determine combined standard uncertainty.
- Express the uncertainty in terms of uncertainty interval and the confidence level.
The first step controlling and characterizing uncertainty in a measurement is to define the measurand as explicitly as possible. It is very important to know exactly what requires measuring. If possible, determine the required level of precision and accuracy and whether they can be obtained with the available equipment. Verify that equipment is properly calibrated and/or perform user calibration check using NIST or ISO traceable reference standard. If systematic error (bias) is found to exist, record the value so that it can be eliminated with a correction to the measurement data. It is also important to ensure that test samples are identified to prevent mix-ups and to mark measurement locations to allow for repeat measurements of the same locations. Finally, make the measurements with care and correct for any bias that has been identified.
To evaluate sources of uncertainty due to factors such as sample variability, placement of the measurement instrument, and operator skill and consistency in making the measurement, a repeatability study should be conducted. A repeatability study is only useful when the measurement device is sensitive enough to produce scatter in the readings. Repeat readings that all produce the same value may improve overall confidence in the measurement, but they don’t provide any additional information about the probability density function. Therefore, the measurement must be sensitive enough to produce scatter in the reading so that the shape of the distribution can be determined and the standard deviation can be properly calculated. When repeat readings produce scatter that is distributed approximately equally about the mean value of the sample.
An uncertainty budget is simply a way of organizing and summarizing the uncertainty analysis in tabular form. An uncertainty budget lists all the contributing components of uncertainty and these components are used to calculate the combined standard uncertainty for the measurement.
Other source of uncertainty will likely be small compared to the instrumentation and repeatability evaluations discussed above, but all identifiable sources of uncertainty should be addressed. Other possible sources of uncertainty may include: parallax, thermal expansion and other temperature effects, voltage drift and etc.
Once the standard uncertainties for all the sources of uncertainty in a measurement or set of measurements have been calculated, then the combined standard uncertainty can be calculated. The combined standard uncertainty is the total uncertainty in the measurement and can come from a combination of type A and B evaluations.
The results of the measurement and uncertainty analysis should be reported in terms of the uncertainty interval and the confidence level.
Uncertainty contributions from both Type A and Type B evaluations may be combined as long as they are expressed in similar terms before they are combined. Thus, all the uncertainties must be expressed as one standard uncertainty and in the same units.
For the uncertainty to be truly meaningful, it must address the entire measuring process, which may have uncertainties associated with factors such as equipment calibration, operator skill, sample variation, and environmental factors. When a measurement has more than one identifiable source of measurement uncertainty, then the combined standard uncertainty (uc) must be calculated.
Many physical quantities are not determined from a single direct measurement but instead are calculated by combining two or more separate measurements. Therefore, it is important to understand how measurement uncertainty propagates when mathematical operations are performed on measured quantities, so that a final combined uncertainty can be calculated.
The equations in the table above or only valid if the contributing uncertainties are not correlated. Factors leading to measurement error are often independent, but sometimes they are correlated of inter-related.
An uncertainty budget is simply a way of organizing and summarizing the uncertainty analysis in tabular form. An uncertainty budget lists all the contributing components of uncertainty and these components are used to calculate the combined standard uncertainty for the measurement.
Clause no 6.2.2 of the ISO 9001: 2008 standard specifies the following requirement
February 17th, 2012 ISO Certification Consultants Clause no 6.2.2 of the ISO 9001: 2008 standard specifies the following requirement:-
“The organization shall
a) determine the necessary competence for personnel performing work affecting conformity to product
requirements,
b) where applicable, provide training or take other actions to achieve the necessary competence”
In order to meet this requirement, the organizations must understand what is the meaning of the word “competence” and how to carry out competence evaluation.
Competency is defined as an individual’s set of skills and abilities that are measurable and observable. These are categorized into three: functional, managerial, and behavioral. It could be a cumulative effect of characteristics, knowledge, skills, and capabilities that, when utilized, would result to an effectual performance. It is a means by which businesses and organizations can work towards their goals. In addition, as a rule of thumb, they should be able to identify the various competencies of their employees, from upper management to the front liners.
Competencies include the collection of success factors necessary for achieving important results in a specific job or work role in a particular organization. Success factors are combinations of knowledge, skills, and attributes (more historically called “KSA’s”) that are described in terms of specific behaviors, and are demonstrated by superior performers in those jobs or work roles. Attributes include: personal characteristics, traits, motives, values or ways of thinking that impact an individual’s behavior.
Competenceis a standardized requirement for an individual to properly perform a specific job. It encompasses a combination of knowledge, skills and behavior utilized to improve performance. More generally, competence is the state or quality of being adequately or well qualified, having the ability to perform a specific role.
The competencies have five characteristics, namely:
* Motives: Things a person consistently thinks about or wants that cause action, motives drive, direct and select behavior towards certain actions. Example achievement motivation people consistently set challenging goals for themselves, take responsibility for accomplishing them and use the feedback to do better
* Traits: Physical characteristics and consistent responses to situations. Good eyesight is physical traits of a pilot. Emotional Self Control and initiative are more complex consistent responses to situations.
* Self Concept: A person’s attitude value or self image. A person’s values are reactive or respondent motives that predict what a person would do in the short run. Example: A person who values being a leader would be more likely to exhibit leadership behavior.
* Knowledge (Information a person has in a specific work area) Example: An accountant’s knowledge of various accounting procedures.
* Skill (is the ability to perform certain mental or physical tasks) Example: Mental competency includes analytical thinking. The ability to establish cause and affect relationship.
COMPETENCY MAPPING
Competency mapping is a process through which one assesses and determines one’s strengths as an individual worker and in some cases, as part of an organization. It generally examines two areas: emotional intelligence or emotional quotient (EQ), and strengths of the individual in areas like team structure, leadership, and decision-making. Large organizations frequently employ some form of competency mapping to understand how to most effectively employ the competencies of strengths of workers. They may also use competency mapping to analyze the combination of strengths in different workers to produce the most effective teams and the highest quality work.
What is a Competency Matrix?
A competency matrix is a tool by which a person’s competencies are assessed. It is used as a means to define the required competencies for a particular position, as well as a tool to help identify the most suitable individuals for the job. As mentioned, it is categorized into three, which are: functional, managerial, and behavioral.
Functional: This refers to the technical competencies or the hard skills that a professional would need in order for him to perform his job. This varies of course, depending on the job. For example, an IT professional should be skilled at Java Development and PHP programming; a management accountant should be good at economics, corporate finance, and financial management.
Managerial: This refers to one’s ability to work productively with other people. This can be classified into: organizational, people-related, and role-related. This includes several aspects such as, time management, staff developing, decision-making, delegation, communication, and resource management.
Behavioral: This refers to the interpersonal and “people” skills of an individual. This is where a person’s soft skills are categorized. Such skills include leadership, teamwork, motivation, adaptability, communication, service-oriented, initiative, and dynamism, among others.
How to Make a Competency Matrix
A competency matrix may be customized depending on the kind of organization or business you are in. But these are the general guidelines:
1. Develop a list of all the required competences you need in order for your organization to run successfully. Of course, these have to be aligned with your organization’s objectives, vision, mission, as well as strategies.
2. Based on your list of competencies, classify them as to the following: functional, managerial, and technical. Once you have done this, identify the level of proficiency. This can be in the following format:
- Beginner
- Learner
- Skilled
- Expert
Define these proficiency levels based on your organization’s requirements.
3. Then, as soon as you have the categories and levels of proficiency identified, determine the proficiency level of each competency required for a particular job position. This should be done for all positions in your organization, and this process is otherwise referred to as competency mapping.
Competency mapping is a process that is used alongside the competency matrix. In essence, the matrix is the tool and the mapping is the process. Once you are able to identify the level of competencies of each individual, you can then pinpoint which of these competencies are required to perform successfully a job or a role.
How to comply with clause 7.2 of ISO 9001 standard ?
February 17th, 2012 ISO Certification Consultants How to comply with clause 7.2 of ISO 9001 standard ?
ISO 9001 : 2008 standard is one of the excellent tools to standardize your business processes and achieve a higher level of performance efficiency and effectiveness.
Clause 7.2 – Customer Related Processes defines the flow of exchange of information between the organization and the client. Mainly the sales / marketing or business development department of the organization will take
A general observation amongst all the industry domains is that when it comes to the marketing or sales or business development department for their ISO 9001 compliance, mostly they are not comfortable with the implementation requirements. A deeper analysis revealed that they are not comfortable because they feel that ISO 9001 requirements will be a hindrance to their performance in terms of speed of decision making which is not true if implemented correctly.
From our global experience of working with the biggest to the smallest organizations and their respective sales / marketing / business development departments, we present our easy to understand and implement requirements of clause no 7.2 of ISO 9001 : 2008.
- Establish a process through which you can identify all the requirements of the customers including stated, unstated, post sales, post delivery etc.
- An easy way to do this is to maintain a log of client query with their requirements or a CRM software.
- Now, before a commitment is made to the client about any of the deliverables, make sure the marketing or sales team interacts with the operations / service / production / purchase / accounts / other stake holders to evaluate feasibility of meeting the requirements of the clients.
- An easy way to do is send an email to the respective departments to take their confirmation or have a document approved by various departments which says that for a set of requirements of the client, we can deliver within X no of days with Y quality with Z price.
- In case the client changes the requirements, maintain the records of the same.
- Establish a process to deliver product / service information to the client
- Make a complete flow of the marketing process from enquiry to proposals to negotiations to changes to contracts.
- Take feedbacks from the clients as per identified process. Feedback can be taken verbally, through email, through fax, during meeting, online etc. ( please note that you need to determine the feedback process that is suitable and convenient to your organization)
- Start documenting customer complaints and route it through the operations / quality department to identify root cause of the complaint and document correction, root cause, corrective actions and effectiveness of the corrective actions.
Please note that ISO 9001 is not to complicate the process but is a tool to help you streamline your process so define the process you feel is in the overall interest of the organization while meeting the parameters above and see how quickly and easily you meet the ISO 9001 requirements for your marketing / sales / business development department.
Risk management is an increasingly important business driver and stakeholders have become much more concerned about risk
February 17th, 2012 ISO Certification Consultants Risk management is an increasingly important business driver and stakeholders have become much more concerned about risk. Risk may be a driver of strategic decisions, it may be a cause of uncertainty in the organization or it may simply be embedded in the activities of the organization.
An enterprise-wide approach to risk management enables an organization to consider the potential impact of all types of risks on all processes, activities, stakeholders, products and services. Implementing a comprehensive approach will result in an organization benefiting from what is often referred to as the ‘upside of risk’
ISO 31000:2009 provides generic guidelines for the design, implementation and maintenance of risk management processes throughout an organization.
It is a framework that can be integrated across various industries and regions and adopted by any organization – including public, private, not-for-profit and government organizations.
The scope of this approach to risk management is to enable all strategic, management and operational tasks of an organization throughout projects, functions, and processes to be aligned to a common set of risk management objectives.
ISO 31000 was published as a standard on the 13th of November 2009, and provides a standard on the implementation of risk management. The purpose of ISO 31000:2009 is to be applicable and adaptable for “any public, private or community enterprise, association, group or individual. Accordingly, the general scope of ISO 31000 – as a family of risk management standards – is not developed for a particular industry group, management system or subject matter field in mind, rather to provide best practice structure and guidance to all operations concerned with risk management.
Application of ISO 31000
ISO 31000:2009 provides generic guidelines for the design, implementation and maintenance of risk management processes throughout an organization. This approach to formalizing risk management practices will facilitate broader adoption by companies who require an enterprise risk management standard that accommodates multiple ‘silo-centric’ management systems.
Accordingly, ISO 31000:2009 is intended for a broad stakeholder group including:
- executive level stakeholders
- appointment holders in the enterprise risk management group
- risk analysts and management officers
- line managers and project managers
- compliance and internal auditors
- Independent Practitioners
Benefits of ISO 31000 – Risk Management
For all types of organizations, there is a need to understand the risks being taken when seeking to achieve objectives and attain the desired level of reward. Organizations need to understand the overall level of risk embedded within their processes and activities. It is important for organizations to recognize and prioritize significant risks and identify the weakest critical controls.
When setting out to improve risk management performance, the expected benefits of the risk management initiative should be established in advance. The outputs from successful risk management include compliance, assurance and enhanced decision-making. These outputs will provide benefits by way of improvements in the efficiency of operations, effectiveness of tactics (change projects) and the efficacy of the strategy of the organization.
A successful risk management initiative can affect the likelihood and consequences of risks materializing, as well as deliver benefits related to better informed strategic decisions, successful delivery of change and increased operational efficiency.
Other benefits include reduced cost of capital, more accurate financial reporting, competitive advantage, improved perception of the organization, better marketplace presence and, in the case of public service organizations, enhanced political and community support.
Risk management is a process which provides assurance that:
- objectives are more likely to be achieved;
- damaging things will not happen or are less likely to happen;
- beneficially things will be or are more likely to be achieved.
It is avoiding risk. not a process for The aim of risk management is not to eliminate risk, rather to manage the risks involved in all University activities to maximise opportunities and minimise adverse effects.
Good risk management provides upward assurance from business activities and administrative functions, from department to faculties, to the senior management team and ultimately to the governing body.
What We Offer?
With a team of highly qualified consultants and trainers having vast industrial experience, Lakshy Management Consultant Pvt. Ltd. partners organizations across the world to implement and achieve ISO 31000 certification.
Our consulting approach is highly professional, time bound and effective resulting in ease of implementation and adds value to the business processes of the client organization.
Contact us at info@lakshy.com to get your organization ISO 31000 certified.
