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.
