Reliability Engineering and Risk Analysis
podcast episode with speaker Fred Schenkelberg
Risk is uncertainty. Will this work? How will this item fail? Is it safe? Risk is not limited to product failure, including brand topics such as market acceptance, regulatory approval, supply chain stability, international conflicts, and more. Reliability engineering tends to focus on product failure to perform as expected, and we must fit into the large context of risks facing any product or system.
Let’s discuss risk, risk management, and our role in identifying and mitigating risks. Plus, let’s explore how reliability engineering tools fit into the larger risk management processes many organizations have in place.
There are a few ways to deal with risk, from ignoring potential risks until forced into action to anticipating risks and preparing responses, just in case. We will do a bit of both, as we will only anticipate some potential risks, there are still surprises out there. Yet, the better we are at identifying risks and understanding our roles and responsibilities, the more we can eliminate or mitigate risks well.
This Accendo Reliability webinar originally broadcast on 10 November 2020.
To view the recorded video/audio of the event, visit the webinar page.
The Designer’s Risk Analysis affects Business, Projects, and Suppliers episode
Using Risk and Safety Analysis as Part of the Requirements Process article
Dealing with Reliability Risk episode
Regulators and Risk episode
Basic Risk Management episode