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1. Decision tree analysis
This risk management tool provides a graphical representation of all available solutions to a specific problem.
2. Risk matrix
The risk matrix is perfect for quality experts who prefer visual information to textual information or who do not necessarily like working with large amounts of data.
3. Failure Mode and Effects Analysis (FMEA)
Using a step-by-step approach, FMEA assesses the impact of a failure and suggests possible ways to control and avoid the associated risks.
4. Bowtie Analysis
This tool goes beyond the risk matrix and also takes preventive measures into account.
5. Risk register
Centralizing risk-related data makes it easier to catalog potential risks, monitor performance over time, and perform trend analysis.
#Shorts #Risk #Analysis
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