Risk Management Using Failure Modes Effects Analysis (Ed-2)

Conduct Detailed Risk Assessments | Build Failproof Processes using FMEA | Manufacturing | Banking | Info Security

What you'll learn

Learn foundational skills in Risk Management beyond today's hype and buzzwords & turn your firefighting efforts into proactive actionable insights to mitigate risks

Apply the FMEA to any specific situation of your process or business and effectively eliminate/reduce associates risks

Practice & complete project work

Requirements

There are no-requisites. This course is comprehensive and designed to bring up you to pace from ground zero

Description

SECOND EDITION (2019)Key ChangesIncludes case study examples for Manufacturing, Transaction Processing, Banking, Info SecurityCovers Update on AIAG VDA 2019 FMEA Revision________________________________Is a glorious failure is better than a petty success? I’m all for the petty success. A glorious failure leads to nothing; a petty success may lead to a success that is not petty - Arnold Bennett.Every action or in-action in Business involves a potential risk. As a manager of a process, an entrepreneur or a sales manager, you can scoop up success and avoid failures with your tact and vigil. But that will consume you energy and time, leaving you exhausted.Instead a systematic approach to identifying and managing potential issues in your business processes can mean better & consistent business results and ‘peace of mind’.  The aim of this course is to allow you to understand the foundation skills in Risk Management beyond today's hype and buzzwords—and describes how an entrepreneur, business manager can turn their firefighting efforts into proactive actionable insights. A novice to risk management will equally benefit through this course.Unlike many foundation course, this course quickly deep dives to a Risk Management Tool used by NASA called Failure Modes & Effects Analysis (FMEA) and shows how best to apply it to specific business problems and opportunities within their organization. There is more than 1 reason to consider this course:Receive FMEA Certification on successful completion of project work (details included)Free FMEA Template and Step-by-Step instructions covered in detailExamples for various industries including Manufacturing and Services includedBy the end of the course, you will be able to apply the FMEA to any specific situation of your process or business and effectively eliminate/reduce associates risks by carrying out the following steps:Proactively identify all potential issues across the business Analyze impact of the each issue, its occurrence & existing control mechanisms Prioritize risk that need immediate actionSystematically plan response/mitigation planImplement and reassessMonitoring and control risks ongoing basis

Overview

Section 1: Course Welcome and Introduction to the concept of Risk & FMEA

Lecture 1 Course Welcome

Lecture 2 Introduction to Risk Management

Lecture 3 Risk Management Tools

Lecture 4 Introduction to FMEA

Section 2: FMEA in Detail

Lecture 5 Elements of FMEA

Lecture 6 Understanding FMEA Elements with Examples

Lecture 7 Pre-requisites for creating FMEA

Lecture 8 Prioritizing Risks in FMEA

Lecture 9 Completing FMEA Template

Section 3: FMEA Industry Examples

Lecture 10 FMEA Example in Manufacturing

Lecture 11 FMEA Example for Transaction Processing Services Industry

Lecture 12 Design FMEA (DFMEA)

Section 4: Risk Management Applications Across Sectors - Adaptation of FMEA tool

Lecture 13 Risk Assessment in Info Security

Lecture 14 Risk Management in Banking and Financial Services

Lecture 15 AIAG- VDA 2019 FMEA Update

Lecture 16 Applications of FMEA

Section 5: FMEA Practice and Knowledge Quiz

Lecture 17 FMEA Practice

Lecture 18 Bonus Lecture: Description of Project Work

Lecture 19 Bonus Lecture : Details of our other courses

Section 6: Retired Section containing Old Content: YOU CAN SKIP THIS

Lecture 20 Welcome!

Lecture 21 Intro to Risk

Lecture 22 FMEA basics

Lecture 23 Creating FMEA, one step at a time

Lecture 24 Priortize Actions for Risk Reduction

Lecture 25 Risk Mitigation Strategies for FMEA

Lecture 26 Practical Applications of FMEA

Lecture 27 Designing a new product? Consider Design FMEA

Professionals from industries such as Information Technology, Banking & Financial Services, Manufacturing, Healthcare, Retail Distribution, & Education,Functional experts from Operations, Project Management, Finance, Engineering, Sales Operations, HR and Quality,Final year MBA/Engineering students who wish to differentiate themselves in Job Market