CQE Exam Dumps | Which of the following elements describes the combination of the severity and probability of occurrence

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Question 55/86

Which of the following elements describes the combination of the severity and probability of occurrence of harm?

A. Failure mode

B. Hazard

C. Risk

D. Detection

Correct Answer: C

Risk describes the combination of the severity and probability of occurrence of harm. In the context of quality management, risk assessment involves evaluating both how severe the potential harm could be and the likelihood of it occurring, to manage and mitigate potential failures effectively.References:
* Failure Mode and Effect Analysis (FMEA) by ASQ Quality Press.
* ISO 31000: Risk Management Guidelines.

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