QUALITY MANUAL -> 0.9. RISK BASED THINKING
Loran Aerospace manages its risk management in accordance with the ISO 31000 Risk Management Standard. Depending on this standard, Loran defines the concept of Risk-Based Thinking as carrying out corrective actions to eliminate potential nonconformities, analyzing any nonconformities that occur, and preventing the recurrence of the nonconformity by performing appropriate actions and obtaining opportunities from these nonconformities, and its management system is based on risk-based thinking. In this direction, the concept of risk-based thinking covers the determination of the risk by Loran Aerospace as an organization, the decision of whether to act or not, and then taking action.
Loran is based on risk-based thinking in the following cases and carries out risk management as an integral part of the company's operation, inclusive and dynamically:
- During strategic planning,
- During planning for product and service suitability,
- During the management review,
- Corrective action processes.
Loran Aerospace has recognized that risk-based thinking is essential to achieve an effective quality management system. Loran interprets the concept of risk-based thinking as taking preventive measures to eliminate potential nonconformities and analyzing nonconformities as taking precautions and giving necessary trainings to avoid these nonconformities in the future.
Loran Aerospace plans and implements actions that address risks and opportunities to comply with AS9120 Rev.B Standards. It is the basis for addressing both risks and opportunities, improving the effectiveness of the quality management system, achieving improved results and preventing negative effects.
Loran Aerospace evaluates risks and opportunities together. Opportunities can arise as a result of a favorable outcome, for example, a set of conditions that allow Loran to attract customers, develop services, reduce waste, or increase productivity. Actions to address opportunities may also include considering associated risks. Risk is the effect of uncertainty, and such uncertainty may have positive or negative effects. A positive deviation from a risk can provide an opportunity, but not all positive effects of the risk lead to opportunities.