Risk Based Quality Auditing – A Value Added Approach
|International Journal of Engineering Trends and Technology (IJETT)||
|© 2017 by IJETT Journal|
|Year of Publication : 2017|
|Authors : Shobhendu Prabhakar
|DOI : 10.14445/22315381/IJETT-V46P204|
Shobhendu Prabhakar "Risk Based Quality Auditing – A Value Added Approach", International Journal of Engineering Trends and Technology (IJETT), V46(1),16-18 April 2017. ISSN:2231-5381. www.ijettjournal.org. published by seventh sense research group
Project areas and departments to be audited are typically determined on the basis of Quality professionals’ experience and judgement as opposed to a systematic value added approach to quality auditing in companies from oil and gas industry. Purpose of this paper is to layout and discuss a systematic and value added risk based approach to quality auditing that can provide significant cost savings (from thousands to millions of US dollars depending on size of companies and projects in oil and gas industry) and companies can get more value out of their quality auditing program.
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Quality auditing, Risk rating, Severity, Probability, Quality audit program, Systematic approach to quality auditing, Risk based quality auditing, and Audit risk rating.