The article reflects the problems of implementing risk-oriented thinking within the quality management system of an industrial enterprise, and proposes the method of their overcoming. It presents the analysis of Stewhart-Deming (PDCA) cycle, as applied to the process of risk management, and the advisability of using the methods of risk management at each stage of the cycle is described in detail. At the planning stage, the analysis of internal and external environment of an organization is conducted, using the following methods: checklists, Stewhart control cards, data stratification, Pareto diagram, brainstorming, Ishikawa chart, scatter diagram, Delphy method, SWOT-analysis, PEST-analysis, benchmarking. At the «act» stage, the risk is assessed and impacted upon by using such methods as checklists, Stewhart control cards, data stratification, Pareto diagram, brainstorming, Ishikawa chart, expert method, FMEA, Delphy method, FTA, ETA, HAZOP, HACCP, PHA, FHA. At the «check» stage, the monitoring and assessment of implementation of the adopted strategy are carried out with reference to identified and assessed risks, using checklists, Stewhart control cards, data stratification, Pareto diagram, brainstorming, Ishikawa chart, Delphy method, FTA, ETA. At the «act» stage, the developed risk management policy is revised, and the measures are developed and implemented for better functioning of the process of risk management