When conducting Failure Mode and Effects Analysis (FMEA), which systems could be used to communicate or assess risks to business operations? Select TWO.
Traditional FMEA can score severity, occurrence and detection on numerical scales, often from one to ten, and combine these into a risk priority number. A red–amber–green summary may be used internally to communicate priorities to managers, provided thresholds are defined and do not displace analysis of severe risks. ABC analysis is primarily an inventory classification technique. Generic colour coding overlaps with RAG but does not itself specify a consistent risk-assessment method. A comprehensive failure-prevention programme considers the probability of failure, the consequences of interruption and the effectiveness of detection and recovery arrangements. Controls should be proportionate to asset criticality and reviewed using failure records, maintenance information and operational experience. The required selections are red-amber-green (rag) system and a numerical scale from 1 to 10. These choices address the particular category named in the question, whereas the remaining alternatives describe other activities, dimensions or outcomes. Documented responsibilities, suitable spare capacity and tested recovery arrangements can reduce the duration and consequences of disruption.
Study Guide Reference: CIPS L5M9 – Explain techniques in failure prevention and recovery that can be applied in operations management; the uploaded question bank cites study-guide page(s) 99.
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