The FMEA method in project risk management

Every project faces uncertainties all along its life cycle. Dealing with risks is then a fundamental aspect for a successful project management: uncertainties can affect the possible outcomes and project effectiveness The risk management's objective is to assure uncertainty does not affect the project goals. This article aims to show how

The concept of loop of control in risk management is a comprehensive model consisting of applicable methods, implying a dynamic and countinous model. The loop of control is built upon 4 phases: individuation, assessment, controlling and monitoring.

== FMEA in project life cycle

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Model description

FMEA is an analytical methodology used to ensure that potential problems have been condìsidered and adressed throughout the product development cycle. - qualitative risk analysis