Explain in detail the relationship between risk management and quality management

Risk Management isxa risk based approach, a proactive approach toward the problems (risk) attached with any activity or service. Analyzing, Identifying, Listening and finding a suitable mitigation plan for the risk in a proactive manner is a risk based approach.

Quality Management- Determining the needs and expectations of the customer and other interested parties. Establishing the quality objectives of the organization. Determining and providing resources necessary to attain the quality objectives. Establishing methods to measure the effectiveness and efficiency of each process. Applying these measures to determine the effectiveness and efficiency of each process. Establishing and applying a process for continual improvement of the quality management system.

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