Concept evaluation and Testing - Concept testing (risk management) - Risk management

4 important questions on Concept evaluation and Testing - Concept testing (risk management) - Risk management

Risk analysis Top-down and Bottom-up

  • FTA: top-down (product failure)
  • FMEA: bottom-up (parts failure)
  • RDM: focus on whole process analysis
  • PPA: focus on whole process analysis

What are the steps in potential problem analysis:

  1. Develop an outline plan and a flowchart which identifies key stages
  2. For each stage brainstorm the problems which could occur and list them
  3. Rate the potential problem in terms of likelihood and impact
  4. multiple these two number and create with this an RPN
  5. Explore likely causes for each risk
  6. Brainstorm
  7. Build preventions
  8. Build in contingency plans

RDM risk management process:

Identification of project risks:
  • use risk reference list
  • individual input from all project participants
  • identify technical, organizational & financial project risks
Diagnose of project risks:
  • assessing uncertainty, control and impact
  • risk topography
Decision making on diagnosed risks:
  • method of decision making: individual-subgroups and plenary
  • strategies: accpet- reduce- transfer- reject
Make and execute risk management plan:
  • consequences in time, resources & responsibilities
  • monitoring & controlling of course of implementation
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
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How to work systematically in risk analysis:

  • Checklists
  • Interviews
  • Brainstorms
  • Normative schemes

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