Risk Assessment Introduction

This Risk Assessment tool is designed to provide a simple but systematic approach to assessing Quality, Schedule, & Technical Risks.

Carrying out a Risk Assessment is simply a process of identifying what in the Product Realization Process could cause Your Company to not meet
Customer and/or System Requirements; and then determining what potential causes need further mitigating actions to minimize the risk.

This Risk Assessment process involves 6 steps which are as follows:

Step 1 Identify the Jobs and/or Tasks for the Designated Customer and Part Number

Step 2 Look for Potential Hazards / Causes in each Job and/or Task AND consider the potential Harm / Outcome

Step 3 List the existing controls and evaluate the adequacy of these controls

Step 4 Estimate the Likelihood (Probability) of Ocurrence & the Severity of the Consequence
Then enter the numbers that correspond with the appropriate descriptions for Likelihood (probability) and Severity.

The Risk Value is calculated automatically on the spreadsheet

(Probability or Likelihood of Occurrence X Severity of Consequence).
A Risk Value Greater Than 6 (see Risk Rating Matrix) requires Adding Further Mitigating Actions

Step 5 Determine what added Controls might help to further Reduce the Risk for each Job and/or Task

Step 6 Re-Estimate the Likelyhood / Probability with the Modified Controls Implemented.

The New Risk Value is a "quantifiable" measurement of risk reduction

F071-003 Your Company's Risk Management Workbook - Upon Receipt of Order Rev. 02-03-2012
 RISK ASSESSMENT FORM

Hold cursor over the red corners in each column for guidance
RISK POINT IN PRODUCT REALIZATION
RISK - An undesirable situation or circumstance that has
COORDINATED BY: both a likelihood of occurring and a potentially negative
REVIEW BY: consequence. AS9100C
Phase 1 Phase 2

Probability

Probability
Risk Revised

Severity

Severity
Potential Potential Existing New
CUSTOMER / PART NUMBER JOB / TASK DESCRIPTION Controls Value Controls Risk Value
Hazard(s) / Cause(s) Harm / Outcome
(Currently In Place) (If Any)

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

F071-003 Your Company's Risk Management Workbook - Upon Receipt of Order Rev. 02-03-2012 1 of 1 Date Reported:
 Risk Assessment Tables
LEVELS OF LIKELIHOOD / PROBABILITY CRITERIA LEVELS AND TYPES OF CONSEQUENCE CRITERIA
PROBABILITY TECHNICAL /
DELIVERY
Level LIKELIHOOD Description RANGE of LEVEL QUALITY TECHNOLOGICAL
SCHEDULE
OCCURRENCE REQUIREMENTS

Incidental.
Could occur, but only Requires No Sorting & No Re-
Minimal or No Impact to Internal No NEW Technology(ies)
1 Not Likely under exceptional < 10% 1 Adjustment of Set-Up to Bring
Schedule. Required
circumstances. Product & Process into Full
Conformity.
C
L
O Minor.
I May occur at some time
N Requires Minimal Sorting, Minor
Additional Resources Required to
Minor Update(s) /
K 2 Low Likelihood under just the right < 30% 2 Rework, & an Adjustment to Set-Up
meet Original Delivery Schedule.
Modification(s) to Currently
circumstances. S to Bring the Product & Process into Established Technology(ies)
E Full Conformity.
E
L
Q
I Can occur at some time Moderate. Moderate Impact to Internal
U Requires Moderate Sorting & Rework Schedule (> 15 but <30 days) that
Moderate Change(s) to
H 3 Likely under normal < 50% 3
outside the Workcell to bring Product will Impact the Original Delivery
Currently Established
circumstances. E Technology(ies)
O into Full Conformity. Schedule.
N
O
C
D
E Major.
Major Impact to Internal Schedule (> Major Change(s) in the
Will probably occur under Extensive Rework, or Remake; OR
4 Highly Likely < 70% 4 30 days) that will Impact Customer Currently Established
normal circumstances. Requires Customer Concession to
Production Schedule Technology(ies)
"Repair" or "Use-As-Is".

It's expected to occur Severe. Technological Requirements are

All parts scrapped. Unable to produce Severe Impact to Customer Beyond Current State of the Art
5 Near Certainty under almost any < 90% 5
conforming parts. Unable to obtain Production / Program Milestones in Machining & Assembly
circumstances. required materials or services. Industries

F071-003 Your Company's Risk Management - Upon Receipt of Order Rev 02-03-2012
 RISK ASSESSMENT SCORING
5
NEAR L M H H H
CERTAINTY
L
I 4
L M M H H
K HIGHLY LIKELY
E
L 3
L L M M H
I LIKELY

H
2
O LOW L L L M M
O LIKELIHOOD
D
1
L L L L L
NOT LIKELY

1 2 3 4 5
INCIDENTAL MINOR MODERATE MAJOR SEVERE

CONSEQUENCE

F071-003 Your Company's Risk Management Workbook - Upon Receipt of the Order Rev. 02-03-2012
 RISK ASSESSMENT PROJECT TRACKING FORM
RISK POINT in PRODUCT REALIZATION PROCESS: Advanced Product Quality Planning - New Product Planning Upon Receipt of Customer Order

COORDINATED BY:
REVIEW BY:

Completion
Date Opened Task/ Issue Description Action / Response Owner Due Date Overall Status
%

F071-003 Your Company's Risk Management Workbook - Upon Receipt of Order Rev. 02-03-2012 Page 1 of 1