Assessment of technical risks

Author

Walker, Robert W.

Author_Institution

Dept. of Design & Eng., Anglia Polytech. Univ., UK

Volume

1

fYear

2000

fDate

2000

Firstpage

402

Abstract

In future more organisations must evaluate the risk of new projects before any significant expenditure is incurred. At present, in some companies, risk is not assessed in detail prior to commencing the project. This has resulted in a number of high profile failures particularly in defence contracts. Many companies are now using failure mode effects analysis (FMEA) for evaluating the risk of failure during the detail design stage, often based on QS 9000 standard. This paper proposes an additional process to the QS 9000 procedure that can be used to evaluate the project risks in a way that will be widely understood in those organisations that already use FMEA, thus assisting management in making rational decisions

Keywords

failure analysis; project management; risk management; QS 9000 standard; design stage; failure mode effects analysis; failure risk analysis; management; new project risk evaluation; rational decisions making; technical risks assessment; Contracts; Costs; Design engineering; Failure analysis; Meeting planning; Product design; Project management; Risk analysis; Risk management; Testing;

fLanguage

English

Publisher

ieee

Conference_Titel

Management of Innovation and Technology, 2000. ICMIT 2000. Proceedings of the 2000 IEEE International Conference on

Print_ISBN

0-7803-6652-2

Type

conf

DOI

10.1109/ICMIT.2000.917371

Filename

917371