International Journal of Computer Applications |
Foundation of Computer Science (FCS), NY, USA |
Volume 93 - Number 14 |
Year of Publication: 2014 |
Authors: Gunjan Joshi, Himanshu Joshi |
10.5120/16284-6047 |
Gunjan Joshi, Himanshu Joshi . FMEA and Alternatives v/s Enhanced Risk Assessment Mechanism. International Journal of Computer Applications. 93, 14 ( May 2014), 33-37. DOI=10.5120/16284-6047
This paper starts with description of the widely used risk assessment tool Failure Modes & Effects Analysis. The paper then later examines some of the alternative methods for risk assessment and their advantages. In this work, we also point out the advantages of using Six Sigma in Risk Assessment and propose a novel technique which would overcome the restrictions of existing Risk Management tools.