The Risk in Early Design (RED) Method: Likelihood and Consequence Formulations
This study focuses specifically on the relationship between function and risk in early design by presenting a mathematical mapping from product function to likelihood and consequence risk assessments that can be used in the conceptual design phase. An investigation of a spacecraft orientation subsystem is used to demonstrate the proposed mappings. The risk assessment presented in this paper is a tool that will aid designers by identifying risks as well as reducing the subjectivity of the likelihood and consequence value from a risk element, provide four key risk element properties (design parameter, failure mode, likelihood, and consequence) for numerous risk elements with a simple calculation, and provide a means for inexperienced designers to effectively address risk in the conceptual design phase. The investigation demonstrates that the method presented in this paper is a useful tool for preliminary identification and assessment of product risks.
K. Grantham Lough et al., "The Risk in Early Design (RED) Method: Likelihood and Consequence Formulations," Proceedings of the ASME 2006 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference (2006, Philadelphia, PA), American Society of Mechanical Engineers (ASME), Jan 2006.
ASME 2006 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference (2006: Sep. 10-13, Philadelphia, PA)
Engineering Management and Systems Engineering
Keywords and Phrases
Consequence Formulations; Risk in Early Design (RED); Risk Assessments; Spacecraft Orientation Subsystem
Article - Conference proceedings
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