Interconnection And Changes In The Standards Of Risk Management And Quality Management

Abstract

The article reveals the relation between quality management and risk management standards. The assessment of the quality management system in organization and their certification for compliance with the requirements of international standards of ISO 9001 series is given and the reasons for the transition to its new version of ISO 9001: 2015 are determined. The need for the introduction of risk-based thinking and the implementation of the process approach: “plan – do – check – act” are described. The formal nature of the certification of quality management system (QMS) of an organization for compliance with the requirements of ISO 9001 is shown. The problems in the effectiveness of the risk management system of an organization in the post-crisis period and the need to changes the risk management methodology reflected in ISO standards. The importance of corporate governance codes in the development of a corporate risk management system (CRMS) and QMS in public companies – public joint-stock companies is shown. The recommendation to amend the quality management standards in accordance with new versions of risk management standards that ensure risk management in the framework of managing organizational activities as a single process is proposed. The necessity of leveling the differences in the issue of obligatory CRMS for public companies, regardless of the type of their economic activity, while maintaining the recommended CRMS format for non-public companies, including financial institutions, is substantiated.