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Risk Management using Failure Modes Effects Analysis (Ed-2)

Conduct Detailed Risk Assessments | Build Failproof Processes using FMEA | Manufacturing | Banking | Info Security
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2,188 students
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Platform: Udemy
Video: 2h 29m
Language: English
Next start: On Demand

Table of contents


Key Changes
•Includes case study examples for Manufacturing, Transaction Processing, Banking, Info Security
•Covers Update on AIAG VDA 2019 FMEA Revision

Is a glorious failure is better than a petty success? I’m all for the petty success. A glorious failure leads to nothing; a petty success may lead to a success that is not petty – Arnold Bennett.
Every action or in-action in Business involves a potential risk. As a manager of a process, an entrepreneur or a sales manager, you can scoop up success and avoid failures with your tact and vigil. But that will consume you energy and time, leaving you exhausted.
Instead a systematic approach to identifying and managing potential issues in your business processes can mean better & consistent business results and ‘peace of mind’. 
The aim of this course is to allow you to understand the foundation skills in Risk Management beyond today’s hype and buzzwords—and describes how an entrepreneur, business manager can turn their firefighting efforts into proactive actionable insights. A novice to risk management will equally benefit through this course.
Unlike many foundation course, this course quickly deep dives to a Risk Management Tool used by NASA called Failure Modes & Effects Analysis (FMEA) and shows how best to apply it to specific business problems and opportunities within their organization.
There is more than 1 reason to consider this course:
•Receive FMEA Certification on successful completion of project work (details included)
•Free FMEA Template and Step-by-Step instructions covered in detail
•Examples for various industries including Manufacturing and Services included
By the end of the course, you will be able to apply the FMEA to any specific situation of your process or business and effectively eliminate/reduce associates risks by carrying out the following steps:
•Proactively identify all potential issues across the business
•Analyze impact of the each issue, its occurrence & existing control mechanisms
•Prioritize risk that need immediate action
•Systematically plan response/mitigation plan
•Implement and reassess
•Monitoring and control risks ongoing basis

You will learn

✓ Learn foundational skills in Risk Management beyond today’s hype and buzzwords & turn your firefighting efforts into proactive actionable insights to mitigate risks
✓ Apply the FMEA to any specific situation of your process or business and effectively eliminate/reduce associates risks
✓ Practice & complete project work


• There are no-requisites. This course is comprehensive and designed to bring up you to pace from ground zero

This course is for

• Professionals from industries such as Information Technology, Banking & Financial Services, Manufacturing, Healthcare, Retail Distribution, & Education
• Functional experts from Operations, Project Management, Finance, Engineering, Sales Operations, HR and Quality
• Final year MBA/Engineering students who wish to differentiate themselves in Job Market
Customer Experience & Business Transformation Leader
Neil is the author of 2 Books – “The Master Book for Lean Six Sigma Green Belt Certification –  Comprehensive Study Guide for Certification Exams & Job Interviews” & “The Little Book on Customer Experience”.
Being a Certified Six Sigma Master Black Belt, Neil has led several  change initiatives & projects with approved financial benefits of  over $20MN, of which $4Mn was executed by him personally. He has  demonstrated results in unconventional areas such as sales, HR,  technology, risk & compliance, program office, administration &  security, procurement, etc.
He has led transformation programs of Global Banks & Large Manufacturing firms.
He is the founder of www.SixSigmaCertificationCourse.Com, a forum for Lean Six Sigma and Canopus Business Management Group.
He is passionate about coaching executives on execution orientation and educating young professionals & students in Lean Six Sigma. 
Browse all courses by on Coursemarks.
Platform: Udemy
Video: 2h 29m
Language: English
Next start: On Demand

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