Revision as of 15:07, 13 September 2015

Fault Tree Analysis

Fault tree analysis (Hereby noted as FTA) is a technique primarily used within Risk analysis. It provides a visual representation of an undesired event, as well as the dependencies of said event, thereby allowing one to identify and analyse what factors can contribute to this event, also called base events. Finally, it allows one to calculate the probabilities of the top event. Unfortunately, the FTA has certain limitations, as with all models, and as such, they are not sufficient alone to analyse all risks in a project. Nevertheless, FTA is a very powerful tool in managing risks, and allows for good visualizations of events and allows a displined, highly systematic, flexible approach to analysing these risks.

Big Idea

Applications

Limitations

Annotated Bibliography

Risk Management - Risk Assesment Techniques, Dansk Standard, 2010 [[1]], visited the 13/9, 2015

Sample Code snips

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Figure 1: Process for Individual Assignment

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Aaanndd some references

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    1. ↑ A project management causal loop diagram, Toole, Michael, 2005.