Browse Publications Technical Papers 2006-01-2389
2006-08-30

Managing Value Stream Risk 2006-01-2389

A typical risk assessment or audit used in industry today will look at a single organizations risk in an isolated business system dimension, such as the management system, product, or process deployed at a specific company. Risk must be found in both material and information flows and quantified in order to enable effective management decisions. Value Stream Risk Assessment™ (VSRA™) is a tool to identify, quantify, prioritize, and intelligently mitigate risk wherever it resides in a the Value Stream. VSRA™ has been developed to compliment Lean and Six Sigma techniques and enhances the quality audit process to provide more value to the organization.

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