In this article we will discuss how to mitigate project/process risks and lower your FMEA RPN Score. Properly done, it can be an invaluable tool to help mitigate risks early on in a project or help fix an existing process.

- RPN scoring allows you to quantify the risk of a failure mode. If you can pinpoint your biggest risks early on, you can prioritize their mitigation and mitigate them before process go-live. This will benefit your program later on down the line because it ensures that all efforts are focused on the most important issues, rather than being spread across all possible issues.

- RPN scoring is also a way to measure how effective your mitigation strategies have been at reducing risk during development. You will be able to tell if a particular strategy has helped with reducing risk, or if it has not been effective at all (or if there was no need for implementing this type of strategy in the first place).

Risk assessment is a key component of the FMEA process. It helps you determine how much effort to invest in a particular component and how to prioritize improvements. In this blog post, I'll describe how risk assessment works, how to create meaningful risk scores and what they mean for your organization

The SIPOC is an easy tool to visualize or document the flows of a process. It allows you to identify the high risks and key performance indicators for any process, including where you are exposed to risk and where there are opportunities for improvement. The SIPOC methodology is widely used in many diverse fields from Finance, product design, to pharmaceutical R&D, business analysis, Six Sigma quality and IT.

All good managers know that there are risks in everyday business. Projects can turn south, processes can break. But can you identify those risks and the impact to your business? These posts will cover a fundamental tool used by project managers and Six Sigma professionals to identify risks, quantify the impact, and brainstorm how to mitigate those potentially nasty results. FMEA stands for Failure Modes and Effects Analysis. It's a simple tool and methodology to help guide ensure you have your bases covered and that risks are clearly understood by everyone. Let's dive in!