A clip from 360 Performance Circle's new episode, Risk Management: Using Failure Mode and Effects Analysis (FMEA) to Manage Risks and Mistake-Proof
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Go beyond just initiating preventive actions to mitigating risks
Confront the future of lean and quality with confidence. Address risk with practical tools. Engage risk at strategic, project, process, and product levels. Create intelligent contingency plans.
This clip is from a two episode series on Risk Management:
Using Failure Mode and Effects Analysis (FMEA) to Manage Risks and Mistake-Proof
Bring practical methods to risk management; Satisfy key aspects of the new ISO 9001 requirements
Manage Risk at All Three Levels of the Organization
Reduce risk in your products, processes, projects, and strategic decisions
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See the entire series on lean! These two videos are part of a larger series on lean: "Creating and Sustaining Lean Improvements."
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FMEA got its start in the aerospace industry decades ago, and has been a requirement by many customers in many industries, but rarely has it been done well. It was always seen as a "quality" compliance tool, rather than a useful tool for making better decisions. Today, FMEA has grown to be associated with the lean tools of mistake-proofing and poka yoke. As the world focuses more on risk management, FMEA has become immensely valuable.
To properly understand risk management, one must address it at multiple levels: Product, process, project, strategic, and company-wide. Go way beyond initiating preventive actions and focus on a holistic approach to manage and mitigate risks.