Methods and Tools to Analyse Risk and to Reduce Risk

Important methods are:

Such methods are also used in change management - indeed risk management and change management are twins. Change includes and implies risks - and risks are mostly caused by changes.


Cause-Effects-Analysis

Cause-effect analysis provides a structured way of examining the various possible causes of any result.

The kernel of a cause-effect analysis is a cause effect diagram - that has the shape of a fishbone - and so the diagram is also called fishbone diagram.

Cause-effect analysis with cause effect diagrams had bee introduced by the Japanese Kaoro Ishikawa about 50 years ago and became a core method in quality management. The cause effect analysis is also used in risk management, because it is a very good method to find potentials risks.

Cause-Effect Analysis - The Method - html

Cause-Effect Analysis - The Method - ppt

Cause-Effect Analysis - Absenteeism - ppt

Cause-Effect Analysis - Absenteeism - html

Cause-Effect Analysis - Absenteeism - doc

Cause-Effect Analysis - Pharmacom - html

Cause-Effect Analysis - Pharmacom - doc/ppt

Cause-Effect Analysis - Case Studies


Failure-Mode-Effects-Anaylsis - FMEA

Introduction

Failure Modes and Effects Analysis (FMEA) is methodology for analyzing potential reliability problems early in the development cycle where it is easier to take actions to overcome these issues, thereby enhancing reliability through design. FMEA is used to identify potential failure modes, determine their effect on the operation of the product, and identify actions to mitigate the failures. A crucial step is anticipating what might go wrong with a product. While anticipating every failure mode is not possible, the development team should formulate as extensive a list of potential failure modes as possible.

Types of FMEA's

There are several types of FMEAs, some are used much more often than others. FMEAs should always be done whenever failures would mean potential harm or injury to the user of the end item being designed. The types of FMEA are:

FMEA - A classical example

FMEA - Introduction

FMEA - Excel-Sheets

FMEA - Examples

FMEA - Case Studies

FMEA - Links


Entrepreneurial risk audit

The analysis of the potential risks in an enterprise or any other organization can be done by an audit based upon check lists and other documents and tools.

Entrepreneurial risk audit - html

Entrepreneurial risk audit - doc


Risk Plans in Projects

Any project must include risk management. A project is a risky endeavour. The results of a project may cause major changes in an organizsation.

Risk Management Plan for Projects

Risk Management Plan for Projects - local


Communications Audit

Typically an audit will cover such areas as:

PRSA Communications Audit