Page 46 - FM_Playbook
P. 46
7. TYPES OF RISK ASSESMENT MANAGEMENT TOOLS
• FMEA: Failure Mode Effect Analysis
• Hazard and Operability assessment
(HAZOP)
• Decision Tree Analysis
• DMAIC: Define, Measure, Analyze, Improve, Control
• SWOT Analysis: Strength, Weakness, Opportunities, and Threats.
• Risk Register: List of Risk, List of Potential Responses, Root Causes of Risks, Updated Risk Categories
• Probability And Impact Matrix
• Monte Carlo Analysis: Simulation Technique
