Which activity is included in the risk management process in quality management?

Identifying and analyzing risks is a crucial activity in the risk management process within quality management. This process involves systematically determining potential hazards or issues that could negatively impact the achievement of quality objectives. By identifying these risks, organizations can understand their sources, likelihood, and potential consequences, which allows them to develop strategies to mitigate or manage those risks effectively. This proactive approach ensures that quality management practices remain robust and resilient, ultimately leading to improved overall organizational performance.

In contrast, creating budget forecasts relates more to financial planning rather than specifically addressing risk. Conducting employee training focuses on skill development and knowledge enhancement, while hiring new staff pertains to workforce management rather than risk management processes. Each of these activities, while important for overall organizational operations, does not directly pertain to the core functions of risk management within the framework of quality management.