5 X 5 risk matrix the best option for qualitative risk

TRM Advantage, Risk management online application, uses the industry standard 5×5 risk matrix for qualitative risk analysis. All matrices are used to assess and evaluate the probability and impact of potential risks, allowing organizations to prioritize risk mitigation efforts based on their level of severity. Research has shown that the 5X5 matrix provides a balance […]

The Essential Link Between Risk Management and Quality Management

Risk management and quality management are critical parts of successful organizations (companies and projects). Each one supports the other and together they reduce company losses and streamline how the organization does business. With a new app that is available, TRM Advantage, risk management efficiency is significantly improved. Risk management is all about identifying potential issues […]