PRODUCT QUALITY, ASSURANCE, and SAFETY ARE KEY PIECES TO THE OVERALL ENTITY PUZZLE AND MISSION

PRODUCT QUALITY, ASSURANCE, and SAFETY LEVERAGE COMPONENTS KEY TO THE SUCCESS OF THE FUNCTIONS AND ENTITY

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• Leadership and Risk Governance Framework (RGF) structure

• Strategy

• Risk appetite and risk tolerance levels

• Policies

• Procedures

• Processes

• Awareness and management of key risks and rewards of entity

• Performance measures

  • Key Performance Indicators - KPIs (lagging)

  • Key Risk Indicators - KRIs (forward looking and enable forecasting)

• Key Product Quality, Assurance, and Safety Components (Risk Sub-Categories - see below)

• Integral interrelationships and key entity objectives and dependencies upon other functional areas

PRODUCT QUALITY, ASSURANCE, and SAFETY RISK and DUE DILIGENCE SUB-CATEGORY CONSIDERATIONS