Generated Risk Event Effect Neutralization: Identifying and Evaluating Risk Mitigation Strategies during Conceptual Design
In the design of new products and systems, the mitigation of potential failures is very important. The sooner potential mitigation strategies can be employed, the lower the cost of those changes will be. Still, there needs to be a means to generate and evaluate mitigation strategies to supplement the existing expertise of the designer. By combining a mitigation strategy taxonomy with various rating strategies, a means to quickly select strategies and demonstrate their effect on the risk of failure can be obtained. This paper explains the risk mitigation selection and evaluation methods, including the mapping calculations used to evaluate strategies and their use in a method to move from a functional model of a new product to a selection of mitigation strategies that can be compared, and select the best strategy for the product.
D. Krus et al., "Generated Risk Event Effect Neutralization: Identifying and Evaluating Risk Mitigation Strategies during Conceptual Design," Proceedings of the 22nd Annual International Symposium of the International Council on Systems Engineering and the 8th Biennial European Systems Engineering Conference (2012, Rome, Italy), vol. 2, pp. 1225-1337, International Council on Systems Engineering (INCOSE), Jan 2012.
22nd Annual International Symposium of the International Council on Systems Engineering and the 8th Biennial European Systems Engineering Conference (2012: Jul. 9-12; Rome, Italy)
Engineering Management and Systems Engineering
The Boeing Company
Booz Allen Hamilton
Keywords and Phrases
Functional model; Mitigation strategy; Potential failures; Risk mitigation; Risk mitigation strategy; Risk of failure; Selection and evaluations; Conceptual design; Systems engineering; Product design
International Standard Book Number (ISBN)
Article - Conference proceedings
© 2012 International Council on Systems Engineering (INCOSE), All rights reserved.