Risk Analysis Software Systems


Risk Analysis Software Systems by MasterControl Helps in Automating Risk Analysis Processes

Risk management is one of the central goals of quality operations for which MasterControl have designed risk analysis sofware to cater the needs and wants to prevent risk. Whether reporting a nonconformance, a deviation or a CAPA, each process is intended to evaluate and mitigate the immediate risk posed by an issue. Long-term systemic risks are then exposed by tracking and analyzing the recurrence of similar issues. A consistent approach in assessing risk is an important factor for successful quality management.

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How Can MasterControl Risk Analysis Software Systems Help You with Risk Analysis?

MasterControl risk analysis software™ establishes risk evaluation as a separate process. The output is a risk score based on a consistent process, which enables quality departments to reduce the oftentimes subjective nature of quality decision making.

Here are some examples of how MasterControl risk analysis systems are helping companies efficiently manage a consistent risk evaluation process as an input to different quality-related processes such as nonconformance, deviation, CAPA, and more.

Risk Analysis System Challenges Risk Analysis Software Solution
Lacking Support for Risk Analysis Decisions:

Actions taken, or not taken, on quality issues are often challenged by internal employees, in customer audits or in FDA audits. Without formal risk analysis systems, it can be difficult to defend your decisions.

Introduce Objective Metrics for Risk Analysis:

Many of MasterControl's risk analysis software solutions include triggers to perform a risk analysis. This enables a methodology that establishes objective risk metrics. These can then be used as thresholds for decision-making.

Risk Assessments are Inconsistent:

In environments where risk assessments are performed but are not standardized, risk evaluations by risk analysis systems vary from one performer to the next. Whether an action is taken on a quality issue depends on the particular assessor and similar issues end up being treated differently.

Create a Standardized Risk Analysis Process:

A team of risk experts is designated in your company and automatically involved in every risk analysis. MasterControl supplies the risk analysis software which can then be further defined in your program to match your specific needs. This results in consistent, objective and defensible quality decisions.

Disconnected Risk Analysis Processes:

Manual risk analysis systems create separate data repositories (e.g. a risk analysis and its corresponding CAPA), making it hard to locate complete documentation later.

Connected Risk Analysis Processes:

MasterControl risk analysis software integrates different quality processes for more effective and efficient quality management. For example, a deviation might trigger a risk analysis. Based on the results from the risk analysis, a CAPA may be launched. All this is coordinated from the deviation form, and data on the forms stays associated electronically for easy traceability and reporting.

MasterControl Risk Analysis Software - Features and Benefits

  • Best-Practice Form: A pre-configured, multi-page form prompts participants to collect and track all relevant data and guides them through the process while allowing responsible personnel to make decisions appropriately. The form in risk analysis software, is automatically routed to the appropriate personnel and can be escalated if not processed in a timely manner.
  • Best-Practice Process: MasterControl incorporates a two-step process that guides users through the process, including Risk Analysis Performance and Risk Analysis Approval.
  • Analytics Reporting Tool: This built-in tool of risk analysis software comes with a standard set of pre-configured reports that can be adjusted and customized by the end user. Risk Analyses can be analyzed by source and other parameters. These data-mining capabilities can give important insight into systemic quality issues and serve as yet another starting point for CAPA.
  • Audit Trail and Electronic Signatures: MasterControl provides time-stamped audit trail, reporting, and electronic signature capabilities that fully satisfy FDA’s 21 CFR Part 11 and other global regulatory requirements.

For More Details on Risk Analysis Software Systems

To get more detailed information on risk analysis software systems, feel free to contact MasterControl representative.