Thoughts on ALARP
Abstract
Chris and Fred discussing another question from a listener based on ‘as low as reasonably practicable’ or ALARP. This is used a lot in risk management and analysis … but what is it?
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SOR 652 Reliability and Risk Management
Reliability and Risk Management
Abstract
Carl and Fred discussing the relationship of reliability and risk management, including areas of overlap and linkages.
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SOR 297 Reliability and Risk Management
Reliability and Risk Management
Abstract
Carl and Fred discussing the subject of risk management and how reliability relates to it.
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Fundamentals of Risk
An Introduction, Basic Definitions, and Overview of a Risk Management Framework
Risk is borne from uncertainty. The reliability performance of your product line and of individual products is fraught with uncertainty. Identifying and understanding the types of risks involved helps your team mitigate reliability performance risk.
An obvious risk and common question when developing a new product involves the field failure rate. If the failure rate is too high, it may dissuade customers from buying the product. If too low, we set assign funds unnecessarily to cover unrealized warranty expenses. [Read more…]