This letter deals with background of risks for product failures. Often failures in operation lead to accidents. This is the reason, why product integrity in all operating conditions is so important – it points to design and engineering.
Main points are:
- Basics of risk management
- 4 groups of risks
- Iceberg effects for function, quality, time, cost
- Structure and actions for avoidance
This letter contains beneficial answers to following questions:
- What are the fundamental types of risks, see the model of icebergs for 4 groups?
- Which risks with high failure cost have to covered?
- Why is risk management a key for success?
- Are you aware of significant risks in your projects or products?
You will find much more answers in the letter itself.
