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Accendo Reliability Webinar Series Fundamentals of Risk
Aug 9, 2017
00:00
An Introduction, Basic Definitions, and Overview of a Risk Management Framework
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.
We use a range of reliability engineering tasks to uncover, understand, and prioritize the reliability risks facing an organization. The failure rate is one issue, and so is safety. The portfolio of risk involving reliability starts with what will fail, when, and how. Then expands to include cost, time to market, supply chain, and customer satisfaction topics.
Let's discuss the range of reliability-driving risks your organization should address beyond just concerning the failure rate. Let's discuss how decisions made during the design process impact reliability and the associated risks to an organization.
Let's discuss risk management and reliability engineering, plus introduce a risk management framework.
This Accendo Reliability webinar originally broadcast on 8 Aug 2017.
To view the recorded webinar and slides, visit the webinar page.
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