Risk management - part 4

Question 1 of 5

6

Click on each orange point and select the correct answer.

Risk diversification is an important strategy to handle risks: Can you fill in the right terms?

Explanation

Question 2 of 5

3

We divide risk measurement into "quantitative" and "qualitative" methods. Can you fill in the right terms?

Drag an answer into the correct orange point.

minimum loss

maximum loss

variation of loss

value at risk

estimation

quick and dirty

scoring model

Explanation

Question 3 of 5

1

FMEA is a risk management method in the product development process. Can you define it?

Select one of the following:

FMEA := Falsification Method in Engineering Analytics
FMEA := Failure Method in Engineering Analysis
FMEA := Failure Mode and Effect Analysis
FMEA := Failure Method and Effect Analytics

Explanation

Question 4 of 5

❌ ^-

6

Within the FMEA method, the calculation and evaluation of the RPN (Risk Priority Number) is crucial. Are you able to check if the following statements are true (or false)?

Select one or more of the following:

RPN helps the responsible risk management team to prioritize risks.
RPN is calculated by multiplying Severity (S), Occurrence (O), and Detection (D).
Severity (S): A high severity ranking indicates severe risk.
Occurrence (O): A low occurrence rank reflects high failure occurrence potential.
Detection (D): A high detection rank reflects high detection capability.
Detection (D): A high detection rank reflects low detection capability.
Occurrence (O): A high occurrence rank reflects high failure occurrence potential.
Severity (S): A low severity ranking indicates severe risk.
The maximum value of RPN is 10x10x10 = 1000.

Explanation

Question 5 of 5

4

Quiz on Risk management - part 4, created by Prof. Ruppert on 13/04/2020.

Risk management - part 4

Question 1 of 5

Click on each orange point and select the correct answer.

Risk diversification is an important strategy to handle risks: Can you fill in the right terms?

Explanation

Question 2 of 5

We divide risk measurement into "quantitative" and "qualitative" methods. Can you fill in the right terms?

Drag an answer into the correct orange point.

Explanation

Question 3 of 5

FMEA is a risk management method in the product development process. Can you define it?

Select one of the following:

Explanation

Question 4 of 5

Within the FMEA method, the calculation and evaluation of the RPN (Risk Priority Number) is crucial. Are you able to check if the following statements are true (or false)?

Select one or more of the following:

Explanation

Question 5 of 5

Click on each orange point and write the correct answer.

Let's bring risk management to the context of strategical procurement. Can you fill in the missing text?

Explanation

	Created by Prof. Ruppert about 4 years ago