Risk Management

RISK MANAGEMENT

By having predetermined procedures for risk identification, assessment and mitigation, Flexenclosure will be able to protect the organization’s resources and income opportunities by

  • avoiding threat
  • reducing the negative effect or probability of threat
  • or even accepting some potential or actual consequences of particular threat

Flexenclosure Risk Management

Flexenclosure has defined the following risk categories:

  1. Country/Politics
  2. Customer
  3. Business Partners
  4. Product
  5. Operations
  6. Legal
  7. Financial
  8. Sales

Each of these risk categories is explained in the Risk Management framework; the identified risks and the mitigation actions as well as reference documents to existing procedures in the Quality Management System.

The risk management is not a separate process or action; it shall be used throughout the processes within the company’s business operations to make sure Flexenclosure has the resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.