17025:2017 Risk Management Exercise

Our risk analysis exercise is intended to provide a simple approach to risk management that can be applied to all types of products where risks can vary and be very different depending on the nature of the products.
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Earlier versions of standards for Laboratory Management Systems have advocated risk management and risk avoidance, but it has been implicit.
The new ISO/IEC 17025:2017 standard explicitly expects organizations to consider and identify actions to address risks and opportunities associated with their laboratory operations, processes, and activities, aimed at and resulting in improved performance.
Besides identifying the risks, the ISO standard expects laboratories to address opportunities for improvements and corrective actions based on the risk analysis.
Note that while corrective action is an ISO/IEC 17025:2017 requirement, the concept of preventive action is expressed through a risk-based approach where risks are determined and actions to address risks and opportunities are taken.
The standard does not require you to create a formal risk management system. However, this risk analysis exercise is intended to outline several approaches / options for the management of risk for your laboratory.
To prepare for the change, it is important to understand Risk Based Thinking and begin to look at your operations, processes, and activities in terms of risks and opportunities.
Risk is the possibility of an event or activity negatively impacting the operational or strategic objectives of an organization.