Assessment of technical risks

Author: Walker, RW
Abstract: In future more organisations must evaluate the risk of new projects before any significant expenditure is incurred. At present, in some companies, risk is not assessed in detail prior to commencing the project. This has resulted in a number of high profile failures particularly in defence contracts. Man), companies are now using Failure Mode Effects Analysis (FMEA) for evaluating the risk of failure during the detail design stage, often based on QS 9000(1) standard. This paper proposes an additional process to the QS 9000 procedure that can be used to evaluate the project risks in a way that will be widely understood in those organisations that already use FMEA, thus assisting management in making rational decisions.
Source: PROCEEDINGS OF THE 2000 IEEE INTERNATIONAL CONFERENCE ON MANAGEMENT OF INNOVATION AND TECHNOLOGY, VOLS 1 AND 2 - MANAGEMENT IN THE 21ST CENTURY
Publication Year: 2000
Volume:
Issue nr:
Pages: 402 - 406
Science Code: Computer Science, Information Systems; Engineering, Industrial; Engineering, Manufacturing
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