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Fundamentals of Risk Management for Quality Professionals (Udemy.com)

Mastering the Basic Tools and Strategies of Risk Analysis and Management

Created by: Ray Harkins

Last updated May 2026

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What you will learn

  • What is risk and risk management?
  • The role and benefits of risk management in manufacturing
  • Risk-related terminology
  • The major models of risk management
  • Hazard types and levels
  • The major tools of risk analysis
  • Environmental stress screening
  • Fault Tree Analysis (FTA)
  • Failure Modes and Effects Analysis (FMEA)
  • How to build an FMEA
  • Hazard Analysis Critical Control Point (HACCP)
  • Key HACCP terminology
  • The probability-impact matrix
  • The big ideas of design risk management
  • Contingency planning
  • Types of safety standards
  • Employee safety
  • Risk analysis for technology professionals
  • The role of auditing in risk management

How it compares

Against the other 1,210 rated Udemy courses in Business on CourseDuck:

  • Rating4.5 out of 5higher than 46% of them
  • Reviews123#1,070 of 1,211 by number of reviews
  • Length3.4 hourslonger than 56% of them
  • Last updatedMay 2026more recently than 68% of them

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Course Description

Risk management is essential for modern manufacturing, yet many professionals lack the formal training necessary to navigate these complexities. This course, Fundamentals of Risk Management for Manufacturing Professionals, provides a practical introduction to the fundamental principles and tools of risk management tailored specifically for manufacturing professionals and quality specialists. Whether you're new to risk management or seeking to enhance your understanding for compliance with standards like ISO 9001 and IATF 16949, this course will equip you with the essential knowledge and skills to succeed.

What You'll Learn:

  • What is Risk and Risk Management?
    Understand the core concepts of risk, why it matters in manufacturing, and how effective risk management can safeguard your operations.

  • The Role and Benefits of Risk Management in Manufacturing
    Discover how risk management can drive performance, ensure safety, and boost profitability across your manufacturing processes.

  • Risk-Related Terminology
    Master key terms that define the world of risk management, helping you communicate effectively within your organization.

  • Major Models of Risk Management
    Gain insight into prominent risk management models used across industries to control and mitigate risk.

  • Hazard Types and Levels
    Explore different types of hazards—biological, chemical, physical, and environmental—and how to assess their severity and likelihood.

  • Key Tools for Risk Analysis
    Learn to use essential tools like Fault Tree Analysis (FTA), Failure Modes and Effects Analysis (FMEA), and the Probability-Impact matrix to systematically evaluate risks.

  • Building an FMEA
    Get hands-on guidance on how to develop a comprehensive FMEA for your manufacturing processes to identify potential failures and mitigate them.

  • Environmental Stress Screening
    Understand the role of environmental stress screening in identifying hidden defects in manufacturing components.

  • HACCP and Hazard Analysis
    Learn the principles of Hazard Analysis and Critical Control Points (HACCP) and its importance in maintaining product safety. Gain familiarity with key HACCP terminology and applications.

  • Design Risk Management
    Delve into the big ideas of design risk management and explore how proactive design considerations can minimize risks early in the product development cycle.

  • Safety Standards and Compliance
    Review the various safety standards applicable to manufacturing and learn how to ensure compliance to protect your employees and your business.

  • Employee Safety
    Explore strategies to assess and mitigate workplace safety risks, creating a safer environment for your workforce.

  • Risk Analysis for Technology Professionals
    Discover how risk management applies to technology-driven manufacturing processes and how to integrate it into your operational planning.

  • Auditing for Risk Management
    Learn the critical role of auditing in maintaining and improving your risk management systems, ensuring they remain effective and compliant.

Who Should Enroll?

  • Manufacturing professionals with little to no experience in risk management looking to develop essential skills.

  • Quality professionals aiming to meet the requirements of quality management systems such as ISO 9001 and IATF 16949.

  • Managers and supervisors responsible for ensuring operational safety and compliance in manufacturing environments.

What Do You Get When You Enroll in This Course?

In addition to the 3+ hours of insightful lecture materials, when you enroll in this course, you also get:

  • LIFETIME ACCESS to the course contents No limits or deadlines.

  • The complete set of downloadable course slides

  • Two Glossaries of Terminology

  • A Certificate of Completion with your name, the course's name, and the time duration of the course (useful for fulfilling the need of some CEU requirements)

  • Q&A access through the Udemy platform to a 30+ year manufacturing, quality, engineering, and business professional.

Why This Course?

By the end of this course, you will not only have a solid foundation in risk management but also a practical toolkit of strategies and techniques that you can immediately apply to your day-to-day work. Equip yourself to make informed, risk-conscious decisions and contribute to the resilience and success of your manufacturing operations.

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Instructor Details

Ray Harkins

Ray Harkins is a senior manufacturing leader, educator, and founder of The Manufacturing Academy, with more than 30 years of experience in manufacturing engineering, quality engineering and management, and operations leadership. He currently serves as a General Manager in manufacturing, overseeing operations, quality, engineering, and continuous improvement while remaining actively engaged in solving the day-to-day challenges faced by manufacturers.

After beginning his career in manufacturing engineering, Ray expanded into quality and operations leadership, working alongside leading industry professionals throughout North America and Japan and touring hundreds of manufacturing facilities. These experiences shaped his belief that manufacturing professionals deserve practical training that they can immediately apply to improve quality, productivity, and their careers.

That philosophy has guided the development of more than 60 online courses covering Lean Six Sigma, Statistical Process Control, Supply Chain Analytics, Manufacturing Leadership, Reliability Engineering, and Operations Management. His courses are used by individual professionals and corporate training departments worldwide and have helped more than 140,000 students build practical skills and advance their careers.

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Reviews

4.5

123 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Antonio Diaz on 5/29/2026

Good summary of risk management tools.

By Alexia Estefania Mora on 3/17/2026

Although I already have experience in risk management I´ve found some excellent foundational knowledge here that has helped me to improve. Thanks for this amazing course.

By Santosh Sheelvant on 12/31/2025

Well Structured.

By Prakhar Saraswat on 11/3/2025

Impactful training content!

By Isabel Pereira on 1/12/2025

It was a good course. It covers a wide range of risks, standards and norms. Congratulations. I enjoyed a lot. Thanks and Best regards. Isabel Pereira

By Marc Miserez on 12/11/2024

Professional and practical approach . Very understandable tutors .

By Samuel Mavale on 5/25/2026

By AJAY KUMAR on 9/11/2025

By Emmanuel Selvarajan on 7/28/2025

By Anonymized User on 6/12/2025

Showing all 10 reviews on CourseDuck

Read all 123 reviews on Udemy

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Quality Score

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Overall Score : 90 / 100