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Event Tree Analysis, ETA

In this blogpost we look at another tool: the Event Tree Analysis, ETA. Event Tree Analysis, ETA In our day to day practice we frequently see risk assessments methodologies stretched to «fit the clients’ case». In other words, people select tools to deliver results out of the initial methodology’s scope. This blogpost is a brief summary for the Event Tree analysis (ETA). It is one of the most common methodologies to evaluate probabilities of complex cascading events in terms of series of conditional probabilities. In reality,…

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What to do instead than common practice Probability Impact Graphs and FMEA

What to do instead than common practice Probability Impact Graphs and FMEA Consider this a summarized guide to introduce you to the procedure to avoid obsolete and flawed common practice approaches. What to do instead than common practice Probability Impact Graphs and FMEA? In fact, you can find information on the “rules” for proper risk assessment here an interesting white paper entitled “What you need to know about Risk Management methods” here. The white paper presents the benefits and limitations of…

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