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The Importance of Risk-Based Thinking - PSMJ Asia Pacific

risk-based thinkingRisk shadows your every step whether you think about it or not. Anyone can sue you, at anytime, for anything. However, the greatest risk of all is not taking any risk. The secret is: become a low-risk practice to give you the competitive advantage you need.

How shall I go about this, you ask? Largely by establishing a keen appreciation of risk issues and persistently following design processes. This will lessen the severity of risks if they occur, and even limit the likelihood of their occurrence.

Thus, a sequence of risks that would inflict serious damage on unprepared practices would have no lasting impact on well-prepared, low-risk practices. 

One of the key changes in the international quality standard ISO 9001:2015 from the previous 2008 version is that there is a new requirement to include “risk-based thinking” and risk analysis.

Therefore, it is imperative that design professionals acquire risk-based thinking as well as conduct a formal risk management assessment. This should be completed, at minimum, at three intervals in the project delivery process. 

 

What next?

Refer to Chapter 8.8 of Managing Quality in Architecture, 2nd Edition, to learn about the five steps to avoid project surprises. You can order my new book from any good online bookstore. Book Depository offers a good discount as well as free shipping worldwide. To learn more, check out https://mqia.com/.

Head to https://www.designnode.net/knowledge-to-forge-your-future/#risk to browse multiple articles on the topic of risk, including risk response & loss of relevance, how to become a low-risk practice and risk management 101.

Visit https://buildingtech.com/designrisk/ to learn more about the DesignRisk App I have created. It can be used as the basis for significantly lowering your practice risk – that is, the likelihood that claims will be made against you.

To find out about how ISO:9001 and Risk Management interrelate, go to https://mqia.com/quality-standards/iso-9001-risk-management/.

Charles Nelson AIA, LFRAIA, AECPM

 

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