USABCO Industries considers risks and opportunities when taking actions within the management system, as well as when implementing or improving the management system; likewise, these are considered relative to products. Risks and opportunities are identified as part of the “Context of the Organisation” defined in QP-12 Context of the Organisation, as well as throughout all other activities of the QMS.
Risks and opportunities are managed in accordance with the document QP-07 Risk Management Procedure. This procedure defines how risks are managed in order to minimize their likelihood and impact, and how opportunities are managed to improve their likelihood and benefit.