U5190914/View USING A RISK METHODOLOGY MODEL/TOOL - DIRECTIONS CHOOSE ONE OF THE RISK ANALYSIS METHODOLOGIES OR TOOLS COVERED IN WEEK 3 (LIKELINESS & CONSEQUENCE, 5X5 RISK ASSESSMENT MATRIX OR FMEA ANALYSIS). THEN APPLY IT TO THE BELOW REAL-WORLD EXAMPLE. EXAMPLE: YOU ARE RESPONSIBLE FOR ASSESSING A NEW STEEL SUPPLIER LOCATED IN CHINA. YOUR ORGANIZATION IS HEADQUARTERED IN THE USA; THEREFORE, THERE IS A NEED TO IMPORT THE STEEL FROM CHINA DETERMINE WHAT RISKS SHOULD BE CONSIDERED? WHAT CAN BE CONTROLLED? HOW CAN THE RISKS BE CONTROLLED? v chegs x C Gethx IF YOU CHOOSE TO DO AN EMEA ANALYSIS, THE BELOW DIRECTIONS SHOULD BE FOLLOWED: - DRAW OUT THE FMEA CHART (SEE EXAMPLE) - ADD YOUR PROCESS STEP IN THE FIRST COLUMN - IDENTIFY 2 POTENTIAL FAILURE MODES - WORK THROUGH THE REST OF THE FMEA FOR THOSE 2 FAILURES - USE THE 1/4/7/10 RATING SYSTEM Download View as Texd