StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The relation of quality management and risk management -or- the future of quality management with risk management - Thesis Proposal Example

Comments (0) Cite this document
Summary
Williams et al (2006, p.67) argues that the extent of effectiveness, efficiency and economy of a business strategy defines the point at which quality management meets risk management…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.6% of users find it useful
The relation of quality management and risk management -or- the future of quality management with risk management
Read TextPreview

Extract of sample "The relation of quality management and risk management -or- the future of quality management with risk management"

Download file to see previous pages Widdop et al (2007, p.2) observes that integrating the two approaches to management requires communication. There is a gap in the existing literature of the lack of a framework of enhancing the integration of quality management with risk management and this is the focus of this study. Developing this integrative framework will make it easy for organizations to manoeuvre these important approaches to management.
According to Williams et al (2006, p.68) risk management intersects with quality management at the point at which it seeks to ensure the effectiveness, efficiency and economy of a business strategy or process. Quality management is the design and execution of products and services with the objective of meeting and preferably exceeding customers’ expectations without the wastage of available resources (Williams et al 2006, p.68). Risk management identifies, prioritizes, addresses, and eliminates potential sources of failure of the services and products to meet their set objectives. In this context, risk management is a pre-emptive, proactive, predictive, and preventive endeavour. After studying a number of companies, Williams et al (2006, p.69) found that reducing risk deltas reduces objective gaps and variation hence increasing process quality.
Kuhn and Youngberg (2002, p.159) asserted quality is one of the important issues in risk-based approach to management alongside health, safety and environment. After examining five organizations, Kuhn and Youngberg (2002, p.159) found that continuous improvement, stakeholder satisfaction, adherence to standards and checks and balances, optimizing the quality of every investor’s dollar and prevention are quality principles and practices that seamlessly fit into risk management. Kuhn and Youngberg (2002, p.160) observe that the Six Sigma is an exemplar case of how to integrate quality management with risk management. For example, he notes that Six Sigma’s DMAIC (Define, Measure, Analyze, Improve, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The relation of quality management and risk management -or- the future Thesis Proposal”, n.d.)
The relation of quality management and risk management -or- the future Thesis Proposal. Retrieved from https://studentshare.org/management/1654952-the-relation-of-quality-management-and-risk-management-or-the-future-of-quality-management-with-risk-management
(The Relation of Quality Management and Risk Management -or- the Future Thesis Proposal)
The Relation of Quality Management and Risk Management -or- the Future Thesis Proposal. https://studentshare.org/management/1654952-the-relation-of-quality-management-and-risk-management-or-the-future-of-quality-management-with-risk-management.
“The Relation of Quality Management and Risk Management -or- the Future Thesis Proposal”, n.d. https://studentshare.org/management/1654952-the-relation-of-quality-management-and-risk-management-or-the-future-of-quality-management-with-risk-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The relation of quality management and risk management -or- the future of quality management with risk management

Risk and Quality Management

...- PDSA, SIPOC and FMEA. Where innovation and creativity are concerned, the tools used are any of the following; Creative thinking, brain storming, mind mapping, analogies, lateral thinking, triz or Scamper. When evaluating the significance, relation, correlation and impact of decisions made using the above tools, the quality and risk manager uses the following 6sigma tools. Balanced score board, Anova, chi-square, Kanban, level matrix, mistake proofing, OEE, priorities matrix, quick change over, one piece flow, regression, project selection or SMED. (Wiley, 2003 p 132) Techniques used: Some of the risk and quality...
12 Pages(3000 words)Essay

Quality Management

...that both international and local students benefit Definition of Terms Quality - Fitness for moral purpose. Quality Assurance (QA) – this is an ongoing and internal process that aims to assure stakeholders of a university that teaching and learning is of high standards. Quality Management (QM) – this is a combine d approach to quality tracking & improvement, quality assurance, strategic planning, quality control and self-accreditation. Benchmarking – this are quantitative and qualitative measures of programs and activities of different institutions (Van and Westerheijden, 1993). Research Method The methodology used for...
10 Pages(2500 words)Research Paper

Risk and quality management

...to be addressed throughout the life cycle of the project and also throughout the delivery process. Definition Stage: This is one of the vital stages of the overall project. Under this stage, the quality management and risk management are very important. Under this process, the overall activities of the project have been defined and planned. It is vital under this stage to identify the level of quality of objectives to be attained and also the risk factors of the project. This process requires extensive research related to the quality management and the risk...
10 Pages(2500 words)Essay

Risk Management

...memory. The following issues had to be addressed by HP to avoid risking future problems: the payment to be made for the flash memory and the mode of payment to be implemented; the quantity of flash memory to be purchased and the delivery terms; the extent to which the contract period is determined and the commencement of the agreement; and provisions to be augmented to ensure security compliance (Nagali et. al., 2008). The Procurement Risk Management (PRM) program was initiated at HP to develop and standardise methods for addressing procurement related risks (see figure 6.3). Through the successful implementation of the project ingrained...
60 Pages(15000 words)Dissertation

Risk and Quality Management

...), Apollo Group (APOL), and Airgas (ARG). (Capucci, 2011) Paulson’s investment strategy favors large companies with holdings in real estate that are also rich in natural resources, such as precious metals, lumber, oil, etc. The combination of natural resources with real estate land holdings in a company may indicate an under-valued asset and portend future equity appreciation. The GLD holdings are largely considered a hedge on currency inflation as related to the money supply and Federal Reserve policy. Paulson also made major investments in American banks believing them to be undervalued and due to a rebound in stock price, which has seen a series of gains followed by losses. Paulson & Co. – Analysis of...
5 Pages(1250 words)Assignment

Risk and Quality Management Assessment

...what to improve in order to satisfy them and also getting to know the needs of the employees and what could be done to improve their efficiency (Joshi, 2009). The fundamental risk management policies would include knowing the goals of the hospital to plan for the future, reporting incidences with no repercussions and preventing risks through the risk management steps. If implemented, the above will improve health outcomes (Heller, 2009). In a hospital risk management and quality management are related in that they are both analysis of adverse and sentry...
5 Pages(1250 words)Essay

Quality and Risk Management in Health Care

...MODULE 10 ESSAY Quality and risk management in health care are essential and interrelated components of the health care delivery system. This essay aims at discussing various issues related to the quality and risk management within the health care context. While the essay defines and describes both independently, it also focuses on the interrelatedness between the two. The essay will describe the importance of quality in health care and measures taken to reduce risks or risk management that are currently being adapted. In risk management, the highlight will be on the professional, legal and ethical perspectives. To describe and discuss various issues related to quality and risk management in health care literature will be reviewed... nursing...
10 Pages(2500 words)Essay

Risk Management Case Study

Risk management is the practice of managing the resources of the operation in such a way as to maintain an acceptable level of risk. This in turn should generate a corresponding level of return that will allow the goals of the operation and management to be achieved. The use of time, financial and other resources to effectively manage the risks so that goals can be achieved is the risk management. Risk management comprises of risk assessment and risk control. Assessing Risk is identifying and analyzing risk. Controlling Risk is taking steps to reduce risk, provide contingency, monitor improvements. Risk Management is important for ensuring that a computer project isn't scuppered, preventing accidental loss or disclosure of inform...
14 Pages(3500 words)Case Study

Risk management and project quality

...enhancements over the existing e-mail software that ODHS is currently using. The reliability of Worldviewupgrades is, however, perceived to be higher. User support seems to be equally high for upgraded software from all vendors, but Globalupgrades seems to have marginally higher support from users. This report deals with the identification, analysis, and management of risk of the software upgrade implementation project. 2.0 Risk Identification Project risk is defined as an uncertain event or condition in a project, which has a positive or negative affect on at least one project objective. Uncertainties are present in all projects and can effect the time, cost, scope,...
4 Pages(1000 words)Essay

Risk Management and Quality Care in HealthCare

...Risk Management and Quality Care in HealthCare Introduction Risk management refers to the coordinated activities to direct and control an organisation with regards to uncertainty. Previously the risk management and quality care system was run in the healthcare as two separate functions. Even the management system of these functions was operated separately. Presently, risk management and the quality care issues in the health organisation are working together to ensure the delivery of safe and high-quality care to the...
4 Pages(1000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Thesis Proposal on topic The relation of quality management and risk management -or- the future of quality management with risk management for FREE!

Contact Us