Mastering the Basic Tools and Strategies of Risk Analysis and Management
What you'll learn
What is risk and risk management?
The role and benefits of risk management in manufacturing
Risk-related terminology
The major models of risk management
Hazard types and levels
The major tools of risk analysis
Environmental stress screening
Fault Tree Analysis (FTA)
Failure Modes and Effects Analysis (FMEA)
How to build an FMEA
Hazard Analysis Critical Control Point (HACCP)
Key HACCP terminology
The probability-impact matrix
The big ideas of design risk management
Contingency planning
Types of safety standards
Employee safety
Risk analysis for technology professionals
The role of auditing in risk management
Requirements
Basic knowledge of manufacturing
Description
Risk management is essential for modern manufacturing, yet many professionals lack the formal training necessary to navigate these complexities. This course, Fundamentals of Risk Management for Manufacturing Professionals, provides a practical introduction to the fundamental principles and tools of risk management tailored specifically for manufacturing professionals and quality specialists. Whether you're new to risk management or seeking to enhance your understanding for compliance with standards like ISO 9001 and IATF 16949, this course will equip you with the essential knowledge and skills to succeed.What You'll Learn:What is Risk and Risk Management?Understand the core concepts of risk, why it matters in manufacturing, and how effective risk management can safeguard your operations.The Role and Benefits of Risk Management in ManufacturingDiscover how risk management can drive performance, ensure safety, and boost profitability across your manufacturing processes.Risk-Related TerminologyMaster key terms that define the world of risk management, helping you communicate effectively within your organization.Major Models of Risk ManagementGain insight into prominent risk management models used across industries to control and mitigate risk.Hazard Types and LevelsExplore different types of hazards—biological, chemical, physical, and environmental—and how to assess their severity and likelihood.Key Tools for Risk AnalysisLearn to use essential tools like Fault Tree Analysis (FTA), Failure Modes and Effects Analysis (FMEA), and the Probability-Impact matrix to systematically evaluate risks.Building an FMEAGet hands-on guidance on how to develop a comprehensive FMEA for your manufacturing processes to identify potential failures and mitigate them.Environmental Stress ScreeningUnderstand the role of environmental stress screening in identifying hidden defects in manufacturing components.HACCP and Hazard AnalysisLearn the principles of Hazard Analysis and Critical Control Points (HACCP) and its importance in maintaining product safety. Gain familiarity with key HACCP terminology and applications.Design Risk ManagementDelve into the big ideas of design risk management and explore how proactive design considerations can minimize risks early in the product development cycle.Safety Standards and ComplianceReview the various safety standards applicable to manufacturing and learn how to ensure compliance to protect your employees and your business.Employee SafetyExplore strategies to assess and mitigate workplace safety risks, creating a safer environment for your workforce.Risk Analysis for Technology ProfessionalsDiscover how risk management applies to technology-driven manufacturing processes and how to integrate it into your operational planning.Auditing for Risk ManagementLearn the critical role of auditing in maintaining and improving your risk management systems, ensuring they remain effective and compliant.Who Should Enroll?Manufacturing professionals with little to no experience in risk management looking to develop essential skills.Quality professionals aiming to meet the requirements of quality management systems such as ISO 9001 and IATF 16949.Managers and supervisors responsible for ensuring operational safety and compliance in manufacturing environments.What Do You Get When You Enroll in This Course?In addition to the 3+ hours of insightful lecture materials, when you enroll in this course, you also get:LIFETIME ACCESS to the course contents No limits or deadlines.The complete set of downloadable course slidesTwo Glossaries of TerminologyA Certificate of Completion with your name, the course's name, and the time duration of the course (useful for fulfilling the need of some CEU requirements)Q&A access through the Udemy platform to a 30+ year manufacturing, quality, engineering, and business professional. Why This Course?By the end of this course, you will not only have a solid foundation in risk management but also a practical toolkit of strategies and techniques that you can immediately apply to your day-to-day work. Equip yourself to make informed, risk-conscious decisions and contribute to the resilience and success of your manufacturing operations.
Who this course is for
Quality managers, Manufacturing managers, Operations managers
Professionals with CEO, VP, and Director level positions
Supply chain analysts and managers, Purchasing and Inventory professionals
ISO 9001 and IATF 16949 quality system facilitators

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