Quality Risk refers to any potential risk that can impact the effectiveness of quality management within a project or product lifecycle. It encompasses both product risks (related to the final output) and project risks (related to the processes involved).
Key Aspects:
- Risk Identification: Recognising potential threats to product quality early in the process.
- Risk Assessment: Evaluating the likelihood and impact of identified risks.
- Mitigation Strategies: Developing plans to address risks before they affect outcomes.
Proactively managing quality risk helps ensure that projects stay on track and meet established standards without significant disruptions.