Every action or in-action in Business involves a potential risk. As a manager of a process, an entrepreneur or a sales manager, you can scoop up success and avoid failures with your tact and vigil. But that will consume you energy and time, leaving you exhausted.
Instead a systematic approach to identifying and managing potential issues in your business processes can mean better & consistent business results and ‘peace of mind’.
The aim of this course is to allow you to understand the foundation skills in Risk Management beyond today’s hype and buzzwords—and describes how an entrepreneur, business manager can turn their firefighting efforts into proactive actionable insights. A novice to risk management will equally benefit through this course.
Unlike many foundation course, this course quickly deep dives to a Risk Management Tool used by NASA called Failure Modes & Effects Analysis (FMEA) and shows how best to apply it to specific business problems and opportunities within their organization.
There is more than 1 reason to consider this course:
By the end of the course, you will be able to apply the FMEA to any specific situation of your process or business and effectively eliminate/reduce associates risks by carrying out the following steps:
In this lecture, you will learn about significance of risk management in general. We will start with the definition of risk and move further. At the end of this lecture, you will be able to appreciate the importance of risk management while managing processes. Difficulty Level : Low
In this lecture, you will learn about FMEA and various concepts associated with it. At the end of this lecture, you will be able to associate the concepts to a given scenario. Difficulty Level : Medium
In this lecture, you will learn step by step procedure to complete a FMEA in the specified format. At the end of the lecture, you will be able to create a FMEA for any suitable scenario to reduce business/process risk. Difficulty Level : Medium
In this lecture, you will learn some important guidelines to prioritizes Difficulty Level: Medium
In this lecture, you will learn about the applications of FMEA. Difficulty Level : Low
In this lecture, you will be introduced to Design FMEA, which isn’t very difficult from Process FMEA we covered in the earlier lectures. Difficulty Level: Low
You will learn about the live project work that you will have to fulfill for FMEA certification.