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C8 RISK MANAGEMENT
S3 MODELS FOR RISK MANAGEMENT
PROCESS OF CONDUCTING FMEA:
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Cards (8)
Select
the Process or
System
: Choose the process, system, or product to analyze using FMEA.
Identify
Failure Modes
: List all possible ways in which the chosen process or system could
fail.
Determine Effects: Determine the
consequences
of each
failure mode
Analyze
Causes: Investigate the potential causes contributing to each failure mode.
Assign Severity
,
Occurrence
, and
Detection Ratings
: Rate the severity, occurrence, and detection of each failure mode on a predefined scale
Calculate
Risk Priority Number
(RPN): Multiply the severity, occurrence, and detection ratings for each failure mode to obtain its RPN
Prioritize Mitigation Actions
: Focus on addressing high-RPN failure modes by implementing corrective actions and preventive measures.
Implement
and
Monitor
: Execute the identified actions, monitor their effectiveness, and continuously improve the process or system.
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