NEW “Quality during Design” PODCAST EPISODE
You may have some standard risk tools that you either like to use or you’ve used before, or that are just readily available to be able to pull out and start filling in information, but that doesn’t mean that it’s the right kind of risk tool to aid you and your team in making a decision.
If you reach for the nearest “risk” template, it might cause more problems.
There are two very different jobs we ask risk tools to do. In this episode, we talk about how to pick the one that actually moves your project forward.
identification tools for unknown unknowns (like FMEA and preliminary hazard analysis) that systematically surface risks to users, systems, and environments
decision tools for known unknowns that clarify impact, likelihood, and uncertainty so teams can choose a path with confidence.
We should apply risk-based thinking to both scenarios, but they’re different and they require different tools. Understanding what it is you want to accomplish with your risk-based analysis will help you pick the right tool for the job.
Along the way, we call out organizational risks (e.g. supplier failure, regulation shifts, competitor timing). These belong in resilience planning, not product FMEAs.
Want to listen and get the full transcript? Read the full post: https://deeneyenterprises.com/qdd/podcast/how-to-choose-risk-tools-that-actually-help-decisions/
Ready to apply this to your work? Join Builder Tier subscribers for this month’s AMA where we’ll dig into how to analyze the risk of your known unknowns. This month’s post goes live Oct 21, and questions open Tuesday Oct 21 through Monday Oct 27.