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INTEGRATED APPLICATION OF RISK MANAGEMENT AND COST OF QUALITY
Author(s) -
Brekka Lawrence T.,
Picardal Chelo,
Vlay George J.
Publication year - 1994
Publication title -
incose international symposium
Language(s) - English
Resource type - Journals
ISSN - 2334-5837
DOI - 10.1002/j.2334-5837.1994.tb01674.x
Subject(s) - risk analysis (engineering) , risk management , quality (philosophy) , risk management information systems , quality management , control (management) , computer science , cost accounting , process management , business , operations management , management information systems , information system , management system , engineering , philosophy , accounting , finance , epistemology , artificial intelligence , electrical engineering
Risk management and cost of quality are two management methodologies that are receiving increasing attention from organizations concerned with the management of large, complex design, development, manufacturing, and operational programs. Typically these two methodologies are treated as separate functions and are executed independently of each other. In fact, cost of quality determines information critical in identifying and assessing risks in a program, and risk management provides procedures for monitoring and mitigating the risks that are identified with that information. Program management will be enhanced by the coordinated application of cost of quality and risk management. Clear program management responsibilities among the system engineer, program control manager, and program manager ensure effective, coordinated application of the two methodologies.