Risk Management Failure Modes Effects Analysis Fmea

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

Last updated 2022-01-10 | 4.5

- 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

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 Changes

Includes case study examples for Manufacturing, Transaction Processing, Banking, Info Security
Covers 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 detail
Examples for various industries including Manufacturing and Services included

By 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 action
Systematically plan response/mitigation plan
Implement and reassess
Monitoring and control risks ongoing basis

Who this course is for:

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

Course content

6 sections • 28 lectures

Course Welcome and Introduction to the concept of Risk & FMEA 4 lectures

Course Welcome Preview 01:49

Welcom to FMEA

Introduction to Risk Management Preview 10:06

This is an intro lecture to Risk Management

Risk Management Tools Preview 04:51

Learn the risk management tools in FMEA

Introduction to FMEA Preview 10:10

Intro to FMEA

FMEA in Detail 5 lectures

Elements of FMEA Preview 06:50

Learn the elements of FMEA

Understanding FMEA Elements with Examples Preview 09:06

Understand the FMEA elements with examples

Pre-requisites for creating FMEA Preview 02:38

Learn the pre-requisites for creating FMEA

Prioritizing Risks in FMEA Preview 05:54

Learn to prioritize the risk in FMEA

Completing FMEA Template Preview 05:57

Learn to complete the FMEA template

FMEA Industry Examples 3 lectures

FMEA Example in Manufacturing Preview 07:45

Learn FMEA example for manufacturing

FMEA Example for Transaction Processing Services Industry Preview 06:34

Learn FMEA Example for Transaction Processing Services Industry

Design FMEA (DFMEA) Preview 12:39

Learn DFMEA

Risk Management Applications Across Sectors - Adaptation of FMEA tool 4 lectures

Risk Assessment in Info Security Preview 06:20

Understand the risk assessment info security

Risk Management in Banking and Financial Services Preview 08:20

Learn Risk management in banking and financial services

AIAG- VDA 2019 FMEA Update Preview 06:06

Intro to AIAG-VDA FMEA

Applications of FMEA Preview 01:24

Learn the applications of FMEA

FMEA Practice and Knowledge Quiz 4 lectures

Test your FMEA Knowledge

FMEA Practice Preview 00:30

FMEA Practice time... Hurray!

Bonus Lecture: Description of Project Work Preview 02:10

Complete a FMEA for the scenario described and share with instructor through direct message for review and feedback. On satisfactory submission receive recognition.

Bonus Lecture : Details of our other courses Preview 00:00

Retired Section containing Old Content: YOU CAN SKIP THIS 8 lectures

Welcome! Preview 03:25

In this lecture, you will learn about significance of risk management in general. We will start with the definition of risk and move further. At the end of this lecture, you will be able to appreciate the importance of risk management while managing processes.

Intro to Risk Preview 09:47

FMEA basics Preview 08:03

In this lecture, you will learn about FMEA and various concepts associated with it. At the end of this lecture, you will be able to associate the concepts to a given scenario.

Creating FMEA, one step at a time Preview 05:51

In this lecture, you will learn step by step procedure to complete a FMEA in the specified format. At the end of the lecture, you will be able to create a FMEA for any suitable scenario to reduce business/process risk.