In this episode of the Qualitalks Podcast, Alex Hall and Yan Kugel discussed Risk Management in the pharmaceutical industry. Risk Management is a critical topic that is, unfortunately, misunderstood by many pharmaceutical companies. Many take the reactive approach instead of the proactive one, and that can cause them a lot of money and risk customer lives. Any decision–making process about risks to product quality involves risk management to a greater or lesser extent. Here are some of the things that we can learn in the pharma industry about Risk Management: 1. What is the definition of Risk? 2. How does it affect the pharma industry? 3. How to avoid these Risks in the pharma industry? 4. What is the Role of Upper Management? 5. What are the strategies for Risk Management?