Your Reliability Engineering Professional Development Site
“Trust’ in AI decision-making is one of the most important public policy challenges facing the world. Some pundits place this on the same level as climate change and pandemics.
“Trustworthy artificial intelligence (AI) can bring many benefits, such as better healthcare, safer and cleaner transport, more efficient manufacturing, and cheaper and more sustainable energy.” EU Communications [Read more…]
Greg and Fred discussing how reliability inherently involves variability and risk.
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Chris and Fred discuss the age-old problem or regulation. If the regulators are not the adults in the room, then we have a problem.
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Greg and Fred discussing how risk assessment must be tailored to the context of the organization.
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Greg and Fred discussing how and why to conduct risk assessments.
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Chris and Fred discuss what ‘risk’ is. Or what most people think ‘risk’ is. Or what the experts think ‘risk’ is. Or what ‘risk’ feels like. Do you know what ‘risk’ is?
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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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Carl and Fred discussing the relationship of reliability and risk management, including areas of overlap and linkages.
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While doing asset management, the organizations are always keen to balance the outcomes between performance, cost, and risk. Risk is a huge part of asset management programs and can be defined as the uncertainty that an organizations faces to achieve its objectives. There are lot of things happening in an organization, so there are a lot of uncertainties all around. With innovation and growth opportunities, comes the risk as well. The risk is mostly considered in terms of negative experiences but it can lead to positive experiences too. Whenever you take a risk, there’s always a chance that things could go either way.
In this episode, we covered:
Carl and Fred discussing risk-identification tools, one of the four categories of reliability tools.
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Adam and Fred discussing how confidence can be measured in a program and where is the most value for testing investment.
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Carl and Fred discussing the broad subject of risk, focusing on the concept of acceptable risk.
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Adam and Fred discussing the effectiveness of the “design Freeze” methodology in the product development process effectiveness.
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Risk is borne from uncertainty. The reliability performance of your product line and individual products is uncertain. Identifying and understanding the risks involved helps your team mitigate reliability performance risks.
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 assign funds unnecessarily to cover unrealized warranty expenses. [Read more…]
