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Project X Presentation November 19, 2010

Project X Presentation November 19, 2010. Risk management plan (RMP) Foresee risks Estimate plan effectiveness Prepare plans to mitigate problems

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Page 1: Project X Presentation November 19, 2010. Risk management plan (RMP) Foresee risks Estimate plan effectiveness Prepare plans to mitigate problems

Project X Presentation

November 19, 2010

Page 2: Project X Presentation November 19, 2010. Risk management plan (RMP) Foresee risks Estimate plan effectiveness Prepare plans to mitigate problems

Risk management plan (RMP)

• Foresee risks

• Estimate plan effectiveness

• Prepare plans to mitigate problems

Page 3: Project X Presentation November 19, 2010. Risk management plan (RMP) Foresee risks Estimate plan effectiveness Prepare plans to mitigate problems

Foresee risks

• Working with Department of Defense

• Product may be dangerous

• Want to protect workers, and public

• Important to avoid lawsuits

Page 4: Project X Presentation November 19, 2010. Risk management plan (RMP) Foresee risks Estimate plan effectiveness Prepare plans to mitigate problems

Estimate plan effectiveness

• Imagine possible risks

• Plan for potential outcome

– Good

– Bad

• Be prepared in the event of all outcomes

• Routinely test our plan in imagined but plausible scenarios

Page 5: Project X Presentation November 19, 2010. Risk management plan (RMP) Foresee risks Estimate plan effectiveness Prepare plans to mitigate problems

Prepare plans to mitigate problems

• Use test results to develop action plans

• Ask workers for opinions of safety

• Study other corporations safety evaluations

• Research real danger events and their outcomes

• Practice, practice, practice

• Remain vigilant

Page 6: Project X Presentation November 19, 2010. Risk management plan (RMP) Foresee risks Estimate plan effectiveness Prepare plans to mitigate problems

Education

• Advantages

– Feasible

– Acceptable to most

– Protection

– Avoid lawsuits

• Disadvantages

– Dangers unforeseen

– Perceived cost

– Extra work

– Time waste

Page 7: Project X Presentation November 19, 2010. Risk management plan (RMP) Foresee risks Estimate plan effectiveness Prepare plans to mitigate problems

FMEA

• Failure mode and effects analysis is a way to evaluate

potential production problems

– Concept FMEA

– Design FMEA

– Process FMEA

• We can easily see breakdowns in current companies

Page 8: Project X Presentation November 19, 2010. Risk management plan (RMP) Foresee risks Estimate plan effectiveness Prepare plans to mitigate problems

References• O’Dwyer, M.J. (2010) Real-Life Examples of FMEA.

http://www.brighthub.com/office/project-management/articles/72966.aspx. Last accessed November 19, 2010.