Risk Management Through the Project Class
Risk Management Through the Project
In modern life, risk management is a fundamental discipline for success. This does not just apply to work life, or project management but also personal life. Today we are going to discuss the approaches and impacts on the project when there is insufficient attention to the risks to which the project will be subjected. The risks to which our work will be subjected depends upon the what we are doing and how we go about doing it, that is, the strategies and tactics we employ to reach the objective.
Consider an automotive project to develop a new product. This will require understanding the need, creating the design, develop the manufacturing line and verify and validate the product and the manufacturing line, and ultimately launch the product at the production rate. We demonstrate in our SAE book, an example of how these phases work and how these phases share information.
Project Management for Automotive Engineers
Risk Management Class
We have also developed a risk management class for The Society of Automotive Engineering International that works through the risk management process, tools and techniques, and then works through each of the work phases to explore the things that can go wrong and things we can do to reduce the risk where possible. For example, the risks during evoking the requirements, are different than the risks associated with setting up the manufacturing line. We will explore each of these phases, use tools and techniques to discover what can go wrong, and ideas for how to reduce the risk or even eliminate those risks.
Visit the Society of Automotive Engineering website (the link is https://www.sae.org/learn/content/wb1629/ ) where you can register for this distance learning event in which Jon M Quigley will be the instructor.
Session 1
- Overview of Risks to Vehicle Projects
- What is risk
- Risk and scope and strategy
- Overview of statistics
- Identification of Risk for Vehicle Projects
- Team’s role in discovering risks
- Brainstorming methods
- Role of historical records
- Association of metrics to the risk and prediction (trends)
Session 2
- Assessing the Risk to the Product Developed for the Vehicle
- Qualitative techniques
- Quantitative techniques
- Contingency budgets
Session 3
- Monitoring and Control Risks
- Importance of metrics
- Monitoring and responsibility
- Invoking mitigation or abatement actions
Session 4
- Risk and Voice of Customer
- What typically goes wrong with scope and requirements in automotive projects
- Metrics that predict failure in the requirements and scope of the vehicle project
- Techniques that can reduce the requirements / scope risk
- Risk Associated with Developing the Product for the Vehicle
- What typically goes wrong while developing the product for the vehicle
- Metrics associated with developing the product for the vehicle that improve success
- Techniques that can reduce the development risk
Session 5
- Risk and Process Development
- What typically goes wrong developing the manufacturing process
- Metrics that enable prediction of the capability of the manufacturing processes
- Techniques to reduce the risks associated with manufacturing processes
- Risk and Verification and Validation
- What typically goes wrong
- Metrics associated with the verification of the product and manufacturing processes for the vehicle that improve success
- Techniques to reduce the risks associated with the verification work
Session 6
- Risk and Launch of the New Vehicle Product
- What typically goes wrong
- Metrics associated with the launch of the vehicle product that enable response
- Techniques that can reduce the risks associated with the launch of the vehicle
