Fishbone diagram analysis
Developed by Maria Konstantina Papaioannou
Contents |
Abstract
Risk project management is a broad and complex field. It is well established that every project at every stage carries risk. Possible risks for a running or finished project are countless and may vary from anticipated to unexpected. In addition, their result ranges from minor inconvenience to disrupt of the project. Thus, identifying possible risks is a key challenge for every project. Once identified and listed those risks can be categorized using qualitative risk analysis. This article introduces the Ishikawa fishbone diagram as a method to analyze numerous reasons why a project may fail. The diagram provides a visualization that simplifies the identification of risks and categorizes them. It heavily relies on the idea that minor problems matter and can lead to causes that affect badly the existing project. It is commonly used by safety and reliability engineers to detect faults in constructions. Firstly, this article gives a historical overview of the diagram. It analyzes its basic components, provides guidance to its building, and displays its benefits. Additionally, it reflects critically on the diagram’s limitations and investigates its utility.