Risk Management Flashcards
(70 cards)
The National Aeronautics and Space Administration (NASA) uses redundant systems, each of which uses highly reliable components. System A has a probability of failure of 0.05, the redundant system B has a probability of failure of 0.03, and a common component in both systems has a probability of failure of 0.015.
What is the probability that both system A and system B fail?
0.015 ; Common mode/cause failure (CCF).
_
Since the Propability that a common component failing is 0.015, the propability that the redundant system will fail
cannot be any less than 0.015.
Risk impact assemssment factors would likely include:
Cost, schedule and functionallity
(III - 2/4)
What risk management technique lies outside of the execution phase of the risk management process?
Risk Planning
III - 4
Which of hazards would be considered as having the greatest hazard level?
Marginal/ frequent
Marginal severity with frequent occurence (I
III -23/30)
Hazard analysis on heat transfer problems such as: heat absorption, combustion, electrical losses, or equipment degeneration can be solved via which specific techique?
Energy analysis
III - 23/26
Which of the following standards addresses safety of machinery?
IEC 61310
III - 49
What technique is preferred for investigation into product failures that are not repairable once initiated?
FTA
( III - 8)
In the case of a common mode failure:
One event can cause single or multiple systems to fail
(III - 21)
A form of mechanical hazard would be:
Pinching
III - 26
A Failure modes and effect analysis is a method to analyze a system, subsystem, a part or a process for all potential failures modes. The failure modes will be prioritized and reduced to acceptable levels.
The best benefits for FMEA analysis comes:
Early in the design cycle
(III - 13/17)
What does the Japanese concept of poka-yoke mean?
Mistake proofing (II - 74 und 81)
What is the primary purpose of a failure mode, effect and criticality analysis (FMECA)
To dermine, by extensive analysis, the realiability of an item
(III - 13/17)
Risk management programs are often developed to
Safe Recources
(III - 35)
When considering reducing human errors using devices which of the following is considered accepted practice?
Green is normal condition and red is an abnormal condition
III - 56
The descision to establish controls for product testing only during the acceptance testing step of the project is a form of risk management known as …
Risk acceptance or assumption
(III - 4)
The nuclear reactor failure at Chernobyl USSR is an example of …
A number of common mode failures
III - 22
What is the verification that a safety system meets the requirements of a standard?
Compliance
III - 42/43
A risk anaylsis method using modeling simulations would be considered a:
Monte Carlo method (III - 31/32)
A company has a problem with damage to fragile assemblies during component handling and parts storage.
Which of the following is the best way to detect the cause of this problem?
Perform a fault-tree analysis
III - 7/8
A failure verified as peculiar to an item design, that will not enter to the operational
inventory is a:
Non-relevant failure
(III - 27/30)
Taking out an insurance policy for medical cost is one way of risk:
Transference
(III - 55)
Actions in the risk managment continous process consist of:
Accepting, mitigating or transferring the risk (III - 2/4)
Risk analysis planning should:
Start at the risk handling phase
(III - 3 und 29/30)
The most applicable reference on risk management can be found in:
ISO/FDIS 31’000
III - 5 und 49