What Every Engineer Should Know About Risk Engineering and Management

by
Edition: 1st
Format: Hardcover
Pub. Date: 2000-02-15
Publisher(s): CRC Press
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Summary

Explains how to assess and handle technical risk, schedule risk, and cost risk, enabling engineering professionals to anticipate failures regardless of system complexity. Introduces the concept of risk engineering for controlling technical risk through identification, analysis, design, and process management, and reveals strategies for identifying flaws in engineering designs, estimating risk, and avoiding wasting scarce resources.

Author Biography

John X. Wang is Six-Sigma Quality Black Belt with GE Transportation Systems, General Electric Company, Erie, Pennsylvania. Dr. Wang is a Certified Reliability Engineer under the American Society for Quality, and a member of the Institute of Electrical and Electronics Engineers and the American Society for Mechanical Engineers. He received the B.A. (1985) and M.S. (1987) degrees from Tsinghua University, Beijing, China, and the Ph.D. degree (1995) from the University of Maryland at College Park. Marvin L. Roush is Professor of Reliability Engineering, University of Maryland at College Park. Dr. Roush is a member of the American Society for Quality and the Institute of Electrical and Electronics Engineers' Reliability Society. He received the B.S. degree (1956) from Ottawa University, Kansas, and the Ph.D. degree (1964) from the University of Maryland at College Park.

Table of Contents

Preface iii
Risk Engineering -- Dealing with System Complexity and Engineering Dynamics
1(17)
Understanding Failure Is Critical to Engineering Success
1(3)
Risk Assessment -- Quantification of Potential Failures
4(3)
Risk Engineering -- Converting Risk into Opportunities
7(5)
Engineering -- A Profession of Managing Technical Risk
12(6)
References
16(2)
Risk Identification -- Understanding the Limits of Engineering Designs
18(28)
The Fall of Icarus -- Limits of Engineering Design
18(4)
Overload of Failures: Fracture and Its Mechanics
22(5)
Wear-Out Failures: Crack Initiation and Growth
27(6)
Environmental Impact: Temperature-Related Failure
33(5)
Software and Related ``Hard'' Failures
38(8)
References
45(1)
Risk Assessment -- Extending Murphy's Law
46(31)
Titanic: Connoisseurs of Engineering Failure
46(4)
Risk Assessment: ``How Likely It Is That A Thing Will Go Wrong''
50(4)
Risk Assessment for Multiple Failure Modes
54(4)
Fault Tree Analysis: Deductive Risk Assessment
58(11)
Event Tree Analysis: Inductive Risk Assessment
69(3)
A Risk Example: The TMI Accident
72(1)
An International Risk Scale
73(4)
References
76(1)
Design for Risk Engineering -- The Art of War Against Failures
77(32)
Challenger: Challenging Engineering Design
77(4)
Goal Tree: Understand ``What'' and ``How''
81(7)
FMEA: Failure Mode and Effect Analysis
88(9)
Redundancy and Fault Tolerance
97(9)
References
106(3)
Risk Acceptability -- Uncertainty in Perspective
109(23)
Uncertainty: Why Bridges Fall Down
109(3)
Risk Mitigation: How Buildings Stand Up
112(4)
From Safety Factor to Safety Index
116(6)
Converting Safety Index into Probability of Failure
122(2)
Quantitative Safety Goals: Probability vs. Consequence
124(4)
Risk and Benefit: Balancing the Engineering Equation
128(4)
References
130(2)
From Risk Engineering to Risk Management
132(17)
Panama Canal: Recognizing and Managing Risk
132(5)
Project Risk Assessment: Quantify Risk Triangle
137(5)
Project Risk Control
142(7)
References
147(2)
Cost Risk -- Interacting with Engineering Economy
149(28)
Engineering: The Art of Doing Well Inexpensively
149(4)
Taguchi's Robust Design: Minimize Total Cost
153(4)
Identify System Function and Noise Factors
157(2)
Identify Total Cost-Function and Control Factors
159(1)
Design Matrix of Experiments and Define Data Analysis
160(3)
Conduct Experiments and Data Analysis
163(4)
Prediction of Cost-Risk Under Selected Parameter Levels
167(1)
Life-Cycle Cost Management (LCCM)
168(9)
References
175(2)
Schedule Risk -- Identifying and Controlling Critical Paths
177(22)
Schedule: Deliver Engineering Products on Time
177(3)
Critical Path: Driver of Schedule Risk
180(3)
Find and Analyze Critical Path
183(3)
Schedule Risk for a Single Dominant Critical Path
186(6)
Schedule Risk for Multiple Critical Paths
192(7)
References
197(2)
Integrated Risk Management and Computer Simulation
199(26)
An Integrated View of Risk
199(2)
Integrated Risk Management
201(7)
Incorporating the Impact of Schedule Risk
208(4)
Monte-Carlo Simulation
212(13)
References
222(3)
Appendix A Risk Assessment Software 225(10)
Appendix B Failure Mode and Effect Analysis Software 235(14)
Index 249

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