The results will be documented into report with an appropriate conclusion Failure Mode and Effect Analysis (FMEA) FMEA is introduced to determine the possible hazards related with a operation by examining the breakdown mode for every operation element.The analysis was carried according to the steps; 1. The system has to be specified, for instance every single details performed by other team need to be known by the assessment team. 2. The aim of the assessment and basic fundamentals need to be installed. In addition the way the results will be shown needs to be explain 3.
In this paper, I’ll outline what a risk is how risks can be managed and risk assessment with clear emphasis on identification and evaluation, risk reporting, risk mitigation and risk monitoring. This guide provides a foundation for the development of an effective risk management program containing both the definitions and the practical guidance for assessing and mitigating risks identified within the IT systems. WHAT IS A RISK? A risk is the potential harm that may arise from some current process or from some future event. It may also be defined as a negative impact of the exercise of a vulnerability, considering both the probability and the impact of occurrence.
During this step, the organization can look overall of the situation and differentiate the level of the risk before and after performing risk control and evaluate it to know what is the degree of risk. Then, can decide on what is the proper control measures should be use. First, the organization needs to perform an investigation or examination to detect the source of a particular incident. By that, the results acquired can be able to use to differentiate with the result of current risk assessment. After ‘identifying the hazards’ and ‘deciding who might be harmed and how’ then it is required to protect the people from harm.
It is used to develop features and goals for product and process, in identifying critical of product/process factor, designing customaries the potential problems, establishing the control to prevent the errors and prioritizing the process submit to ensure reliability. FMEA most commonly applied but not limit to design (DFMEA) and manufacturing process (PFMEA). Design failure mode and effect analysis (DFMEA) identify the potential failure of design before they occur.DFMEA then goes to establish a potential effects of the failures, there causes, how often and when they might occur and their potential seriousness. Process failure mode and effect analysis (PFMEA) is systemized group of activities intended to recognized and evaluated the potential failure of a product/process and its effect .indentify action which could eliminate or reduce the occurrence or improve the defect ability, document the process and track change to avoid the potential failure cause. 2.2 FMEA approach FMEA is carried out by a cross-functional team of experts from various departments.
Each of these options requires developing a plan that is implemented and monitored for effectiveness. A risk management plan (also known as a risk mitigation plan) for projects is an official document that describes how to deal with particular risks and what risk managing actions can be taken in order to mitigate or remove threats to the project activities and outcomes. The project risk management plan gives members of the project management team a sense of the risk managing actions they can take to identify, analyze and respond to threats around and within the project. The project risk managing plan is intended for guiding the project management team through all the whole process of managing project risks which includes such major steps as risk identifying, risk analyzing, risk responding and risk controlling. The risk mitigation plan purpose is in providing the team with a clear understanding of the necessary actions to be taken in order to protect the project from hidden and identified threats and to utilize existing opportunities for improving project
FMEA is therefore used to determine the severity of potential failure modes and subsequently to provide the mitigating measures to reduce risk. It’s a systematic, proactive method for evaluating a process to identify where and how it might fail and to assess the relative impact of different failures, in order to identify the parts of the process that are most in need of
The controlling function is the process that involves in monitoring the work performance that have been done and the actual results that have been achieved. Results of work that have been achieved will be compared with the desired results, corrective actions will be taken upon the result that have not meet the desired requirement. Controlling ensures that the effective and efficient control over the resources within an organization for the desired goals. As for the desired goals to be achieved, the plans for the goals are must be in complete assurances to accomplish according to the plan. Vijayakumar (2009) know that “controlling function involves the act of determining the deviation between actual and planned activities” (p.113).
According to Matotek Marija et al (2015:171), to develop a SCRM strategy we need to look at the following criteria:- 1. Risk Identification It is the process of finding, recognising and describing a risk 2. Risk Analysis It is the process to comprehend the nature of risk and to determine the level of risk 3. Risk Evaluation It is the process of comparing the results of risk analysis with risk criteria to determine whether the risk and/or its magnitude is acceptable or
According to the QRA report, Hazard Identification is a key element in the methodology the risk analysis was conducted. [QRA Figure 2.1] Based on the available information of the DP2, systematic hazard identification was performed. Elements from failure mode and effect analyses, HAZOP-techniques, checklists as well as normal engineering reviews were used to make the identification as complete as possible. Appendix B could provide more information on Hazard Identification on the full QRA
Specifically speaking, it is concerned with the extent to which observed variables are generated by the underlying latent constructs and thus strength of the regression paths from the factors to the observed variables (the factor loadings) are of primary interest. Exploratory Factor Analysis is designed for situations where links between the observed and latent variables are unknown or uncertain. Hence after the formulation of questionnaire items, an EFA will be conducted to determine the extent to which the item measurements are related to the latent