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Integration Of Risk Management And Quality Management In Industrial Plants

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  • M. A. Rudakova

Abstract

The article is devoted to the development of an integrated risk management system in the field of quality assurance of industrial enterprise, as a way of bringing the quality characteristics of the products to a competitive level. The integrated system allows you to quickly identify, assess and manage risks in the areas of quality, to achieve consistency interests of all the people involved. This system makes it possible to reduce the total cost of quality, to minimize the risks, as well as to upgrade the skills of staff and the extent of its involvement in the processes of quality management. The effective management of the integrated system is controlled by an algorithm that includes five stages: the formation of goals, the identification and analysis of risks, the choice of instruments and methods of risk management, the implementation of management decisions and the monitoring of the status. The algorithm allows to quickly identify the risks of degrading products quality and the factors influencing the magnitude of losses from non-compliance products. The information obtained as a result of implementation of the algorithm is used to justify management decisions to optimize the structure of costs spent for investing in preventive measures ensuring the quality of products while simultaneously minimizing the risks.

Suggested Citation

  • M. A. Rudakova, 2015. "Integration Of Risk Management And Quality Management In Industrial Plants," Russian Journal of Industrial Economics, MISIS, issue 3.
  • Handle: RePEc:ach:journl:y:2015:id:191
    DOI: 10.17073/2072-1633-2014-3-58-62
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