Manage your Risks

Each time we got out to solve a problem - we implement a change - each change brings risks along. 

Every process has inherent risks - the better the controls, lower the risks . 

Use the tools below identify risks, understand them , and eliminate them or reduce their event occurrences. 

FMEA

A tool to identify, understand , measure and action risks in the process or in the improvement plan , learn 

FMEA

Poke Yoke

Eliminate inadvertent human errors by  Mistake proofing

ECRS

Eliminate, combine,rearrange , simplify the process and reduce risks with help of 

ECRS

PDPC

Process Decision Program Chart - helps identify risks in your plan and produce counter measure, see variants in

Tree Diagram

Project Risk Mgmt.

Definitions, steps & how to  

project risk management 

FMEA - Failure Mode Effect Analysis

Expanded as Failure Mode Effect Analysis

It is a risk management tool - starts with review of the process for failure modes (what could go wrong) , then their effects, then causes of the failure modes. It also takes in to account the current controls in place to prevent failure.

 

The severity of failure effect; occurrence frequency of causes and ability to detect (of the current controls) are all rated and multiplied to produce a RPN -risk priority number; which once sorted in descending order can tell the high priority risk areas. 

See how to do FMEA here

Poke - Yoke , Mistake Proofing

Once you find your top risks thru FMEA , then what ? One technique to use - is Poke - Yoke

Poke Yoke is Japanese for mistake proofing

It refers to any inexpensive mechanism - that prevents the operator from doing  an error

So its waste elimination directed mostly at removing human error either by removing the cause or by eliminating the chance of error by stopping the process

How to do it , examples, and rules are here 

ECRS 

This is perhaps one of the lesser known techniques. Expanded as Eliminate, Combine, Rearrange & Simplify

It is one of the lean improvement methods. Idea is to look at the process and ask ECRS questions and then execute to remove / reduce risks.

Find out more about ECRS and suggested questions to ask here 

PDPC - Process Decision Program Chart

Another use of tree diagram. Its used to consider various risks in implementation and planning their responses/ contingencies. 

Read on about tree diagram and PDPC here

Project Risk Management

Managing risks in a project is one of the most important responsibilities of the project manager. A PM with the team needs to be able identify , evaluate risks, plan, implement and monitor risk

Learn now here