The relation of quality management and risk management -or- the future Thesis Proposal

The relation of character centering and gamble management -or- the future of quality management with risk management - Thesis Proposal ExampleWiddop et al (2007, p.2) observes that integrating the two approaches to management requires communication. There is a gap in the existing literature of the wishing of a framework of enhancing the integration of quality management with risk management and this is the focus of this study. Developing this combinatorial framework will make it easy for organizations to manoeuvre these important approaches to management.According to Williams et al (2006, p.68) risk management intersects with quality management at the point at which it seeks to ensure the effectiveness, efficiency and economy of a channel strategy or process. Quality management is the design and execution of products and services with the objective of meeting and sooner exceeding customers expectations without the wastage of available resources (Williams et al 2006, p.68). Risk management identifies, prioritizes, addresses, and eliminates potential sources of failure of the services and products to meet their rate objectives. In this context, risk management is a pre-emptive, proactive, predictive, and preventive endeavour. After studying a number of companies, Williams et al (2006, p.69) nominate that reducing risk deltas reduces objective gaps and variation hence increasing process quality.Kuhn and Youngberg (2002, p.159) asserted quality is one of the important issues in risk-based approach to management alongside health, safety and environment. After examining five organizations, Kuhn and Youngberg (2002, p.159) found that continuous improvement, stakeholder satisfaction, adherence to standards and checks and balances, optimizing the quality of every investors dollar and prevention are quality principles and practices that seamlessly tot up into risk management. Kuhn and Youngberg (2002, p.160) observe that the Six Sigma is an exemplar case of how to integrate quality management with risk management. For example, he notes that Six Sigmas DMAIC (Define, Measure, Analyze, Improve,