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by Greg Hutchins 3 Comments

SOR 862 Dealing with Reliability Risk

SOR 862 Dealing with Reliability Risk

Dealing with Reliability Risk

Abstract

Greg and Fred discussing how reliability inherently involves variability and risk.
ᐅ Play Episode

Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance Tagged with: risk

by Christopher Jackson Leave a Comment

SOR 840 Regulators and Risk

SOR 840 Regulators and Risk

Regulators and Risk

Abstract

Chris and Fred discuss the age-old problem or regulation. If the regulators are not the adults in the room, then we have a problem.
ᐅ Play Episode

Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance Tagged with: autonomous vehicles, boeing 737, mcas, regulators, risk

by Greg Hutchins Leave a Comment

SOR 804 Risk and Supply Chain

SOR 804 Risk and Supply Chain

Risk and Supply Chain

Abstract

Greg and Fred discussing supply chain risk management.
ᐅ Play Episode

Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance Tagged with: risk, supply-chain

by Greg Hutchins Leave a Comment

SOR 756 Fitting into a Risk Program

SOR 756 Fitting into a Risk Program

Fitting into a Risk Program

Abstract

Greg and Fred discussing how risk assessment must be tailored to the context of the organization.
ᐅ Play Episode

Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance Tagged with: risk

by Greg Hutchins Leave a Comment

SOR 755 Risk Assessments

SOR 755 Risk Assessments

Risk Assessments

Abstract

Greg and Fred discussing how and why to conduct risk assessments.
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Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance Tagged with: risk, risk assessments

by Christopher Jackson Leave a Comment

SOR 704 What is this Risk Thing?

SOR 704 What is this Risk Thing?

What is this Risk Thing?

Abstract

Chris and Fred discuss what ‘risk’ is. Or what most people think ‘risk’ is. Or what the experts think ‘risk’ is. Or what ‘risk’ feels like. Do you know what ‘risk’ is?
ᐅ Play Episode

Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance, The Reliability FM network Tagged with: risk

by Christopher Jackson Leave a Comment

SOR 693 Thoughts on ALARP

SOR 693 Thoughts on ALARP

Thoughts on ALARP

Abstract

Chris and Fred discussing another question from a listener based on ‘as low as reasonably practicable’ or ALARP. This is used a lot in risk management and analysis … but what is it?
ᐅ Play Episode

Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance, The Reliability FM network Tagged with: ALARP, risk, risk analysis, risk management, safe

by Carl S. Carlson Leave a Comment

SOR 652 Reliability and Risk Management

SOR 652 Reliability and Risk Management

Reliability and Risk Management

Abstract

Carl and Fred discussing the relationship of reliability and risk management, including areas of overlap and linkages.
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Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance, The Reliability FM network Tagged with: risk, risk management

by James Kovacevic Leave a Comment

178-Risk with David Albrice

178-Risk with David Albrice

Risk with David Albrice

While doing asset management, the organizations are always keen to balance the outcomes between performance, cost, and risk. Risk is a huge part of asset management programs and can be defined as the uncertainty that an organizations faces to achieve its objectives. There are lot of things happening in an organization, so there are a lot of uncertainties all around. With innovation and growth opportunities, comes the risk as well. The risk is mostly considered in terms of negative experiences but it can lead to positive experiences too.  Whenever you take a risk, there’s always a chance that things could go either way.

In this episode, we covered:

  • Why is risk a huge part of asset management programs?
  • Why is it important to manage risk with optimized trade-offs?
  • What are the risk types and how can we manage them effectively?
  • And much more!

ᐅ Play Episode

Filed Under: Rooted in Reliability: The Plant Performance Podcast, The Reliability FM network Tagged with: David Albrice, risk

by Carl S. Carlson Leave a Comment

SOR 451 Risk Identification Tools and Use

SOR 451 Risk Identification Tools and Use

Risk-Identification Tools and Their Use

Abstract

Carl and Fred discussing risk-identification tools, one of the four categories of reliability tools.
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Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance, The Reliability FM network Tagged with: risk, tools

by Adam Bahret Leave a Comment

SOR 442 How to Quantify Reliability Risk

SOR 442 How to Quantify Reliability Risk

How to Quantify Reliability Risk

Abstract

Adam and Fred discussing how confidence can be measured in a program and where is the most value for testing investment.
ᐅ Play Episode

Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance, The Reliability FM network Tagged with: risk

by Carl S. Carlson Leave a Comment

SOR 431 What is Acceptable Risk

SOR 431 What is Acceptable Risk

What is Acceptable Risk

Abstract

Carl and Fred discussing the broad subject of risk, focusing on the concept of acceptable risk.
ᐅ Play Episode

Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance, The Reliability FM network Tagged with: risk

by Adam Bahret Leave a Comment

SOR 344 Reliability Risk and Design Freeze

SOR 344 Reliability Risk and Design Freeze

Reliability Risk and Design Freeze

Abstract

Adam and Fred discussing the effectiveness of the “design Freeze” methodology in the product development process effectiveness.
ᐅ Play Episode

Filed Under: Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance, The Reliability FM network Tagged with: design, risk

by Fred Schenkelberg 2 Comments

Fundamentals of Risk

Fundamentals of Risk

An Introduction, Basic Definitions, and Overview of a Risk Management Framework

Risk is borne from uncertainty. The reliability performance of your product line and of individual products is fraught with uncertainty. Identifying and understanding the types of risks involved helps your team mitigate reliability performance risk.

An obvious risk and common question when developing a new product involves the field failure rate. If the failure rate is too high, it may dissuade customers from buying the product. If too low, we set assign funds unnecessarily to cover unrealized warranty expenses. [Read more…]

Filed Under: Accendo Reliability Webinar Series, The Reliability FM network Tagged with: Framework, risk, risk management

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