Number of deaths for leading causes of death. Heart disease: 614,348. â¢ Cancer: 591,699. â¢ Chronic lower respiratory diseases: 147,101. â¢ Accidents (unintentional injuries): 136,053. â¢ Stroke (cerebrovascular diseases): 133,103. â¢ Alzheimer's disease: 93,541.
Both risk management and quality management strategies must find ways to account for uncertainty. After all, in the quality management space there is no such thing as an absolutely perfect quality product. Handling risk is implicit in the day-to-day tasks of a successful quality management professional.
The key to an economical and efficient risk program is control over the risk management functions with assurance that actions performed are desirable, necessary, and effective to reduce the overall cost of operational risk. A risk management program is formulated and evaluated around the cost of risk. The benefits of a risk program should result in overall savings to the corporate entity when evaluating these components in the aggregate.