“Risk comes from not knowing what you’re doing” – Warren Buffett
In this article, I will outline how to evaluate an FMEA against the FMEA Quality Objective for identifying high-risk failures.
One definition for “risk” is “the possibility of loss or injury;” and “high” means “of a greater degree, amount or cost than expected.” Putting these words together, “high risk” means the anticipated loss or injury is too great. [Read more…]