If a team from Trilogox came up with the following PFMEA exercise results during its riskexposure analysis:RiskOccurrenceProbably will occurOutcomeDetectionFinancialCost increase by Detection method has30%medium effectivenessMarketingProbably will notCost increase by Detection method hasmedium effectivenessCost increase by Detection method hasmedium effectivenessCost increase by Detection method has2%occurQualityProbably will occur40%CapabilityProbably will occur10%medium effectivenessMaterialsProbably will occurCost increase by Detection method hasmedium effectivenessCost increase by Detection method has10%LaborProbably will occur40%medium effectivenessb. Which are the most critical risks by identifying the critical values? What actions do yourecommend? Evaluate the risks by assigning one degree of leniency in their value.

Answer factors scale impact rating 1 to 5 with 5 being most impactful probability of…

Answered: 40% al risks by ident

Business

Economics

40% al risks by ident

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If a team from Trilogox came up with the following PFMEA exercise results during its risk
exposure analysis:
Risk
Occurrence
Probably will occur
Outcome
Detection
Financial
Cost increase by Detection method has
30%
medium effectiveness
Marketing
Probably will not
Cost increase by Detection method has
medium effectiveness
Cost increase by Detection method has
medium effectiveness
Cost increase by Detection method has
2%
occur
Quality
Probably will occur
40%
Capability
Probably will occur
10%
medium effectiveness
Materials
Probably will occur
Cost increase by Detection method has
medium effectiveness
Cost increase by Detection method has
10%
Labor
Probably will occur
40%
medium effectiveness
b. Which are the most critical risks by identifying the critical values? What actions do you
recommend? Evaluate the risks by assigning one degree of leniency in their value.

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