Knowledge overview

Technical risk management

Technical risks become manageable when causes and evidence fit together.

Risk management in product development links failure mechanisms, consequences, technical measures and evidence of effectiveness.

Technical risk chain from failure mechanism and assessment through action and verification to residual risk.
Risk management is complete only when action, effectiveness evidence and reassessment are connected.

Make risk technically concrete

A technical risk is more than a coloured matrix cell. It describes a possible failure mechanism in a specific use context and its consequences.

FMEA, FTA, field data, tests and expert knowledge provide different perspectives on the same decision.

Prioritise and define measures

Not every conceivable event deserves the same effort. Criteria support prioritisation but do not replace technical reasoning.

Design changes that avoid or control causes usually take priority over measures that only improve detection.

The risk matrix prioritises the initial situation; the work is complete only after technical action, evidence and residual-risk assessment.

Five-by-five risk matrix with initial risk, action and evidence chain, and reassessed residual risk.
Residual risk is reassessed after implementation and verification rather than simply asserted.

Demonstrate effectiveness

A measure is complete only when its effect has been verified through reviews, simulation, tests or statistical analysis.

Traceable documentation links the original risk, decision, measure and result and supports state-of-the-art engineering practice.

Related knowledge

Continue the technical perspective

Risk and assurance services