Exposing The Hidden Flaws of FMEA and Risk Matrices: Advancing Your Risk Assessment
Episode description
Unveil the hidden flaws of FMEA and risk matrices that could be skewing your analysis and decision-making.
In the realm of risk assessment and management, traditional tools like Failure Mode and Effects Analysis (FMEA) and risk matrices have been widely accepted as the norm. However, beneath the surface of these established methods lie hidden flaws that can significantly impact the effectiveness of risk analysis and decision-making processes. The latest podcast episode takes a deep dive into these issues, offering listeners an exploration of the challenges posed by conventional risk assessment techniques.
We take our conversation a step further, emphasizing not just the identification of such critiques but the vital role understanding them plays in fortifying our decision-making frameworks.
The episode emphasizes the importance of staying informed and adapting to new methods in the ever-evolving landscape of risk management. By doing so, professionals can ensure that they are not only equipped to handle current challenges but also prepared to meet the demands of the future.
And for those of you eager to translate this newfound knowledge into practice, we spotlight an exceptional resource: "FMEA in Practice from plan to risk-based decision making," an Udemy course that promises to elevate your risk-based decision-making abilities.
Visit the podcast blog for a list of resources and more links.
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About me
Dianna Deeney is a quality advocate for product development with over 25 years of experience in manufacturing. She is president of Deeney Enterprises, LLC, which helps organizations optimize their engineering processes and team perform...