At the RBA, we understand the importance of assessing product quality, performance, and potential risks associated with operations. To provide clarity for our community, we have outlined the fundamental differences between Product Rating and Risk Ranking.

Product Rating:

Purpose: Product Rating assesses a specific product's quality and performance. It provides consumers with valuable insights into individual product attributes such as durability, usability, and customer satisfaction.
- Scope: Product Rating focuses on evaluating specific product features to help consumers make informed purchasing decisions based on product evaluations.
- Usage: It is a critical tool that assists consumers in making informed choices, allowing them to evaluate products based on comprehensive assessments.

Risk Ranking:

- Purpose: Risk Ranking evaluates the potential risks associated with a process, supplier, or operation. It delves into various factors, including compliance, safety, environmental impact, and ethical practices, to determine the level of risk.
- Scope: This assessment considers a broader scope, encompassing potential risks associated with operational processes and suppliers, aiding businesses in prioritizing risk management efforts.
- Usage: It plays a pivotal role in guiding businesses in mitigating risks and ensuring compliance with industry standards and regulations.

Key Differences:
1. Focus: Product Rating is specific to product evaluations, while Risk Ranking assesses operational risks.
2. Objective: While Product Rating aims to inform consumer choices, Risk Ranking is geared towards guiding risk mitigation and management efforts for businesses.

For those looking for more detailed information, we encourage you to visit the RBA Online Help Center to gain a comprehensive understanding of product assessment and risk management strategies.

We hope this overview is valuable in understanding the distinction between Product Rating and Risk Ranking, ultimately empowering consumers and businesses to make informed decisions.