In the context of FMEA,which of the following formulas is used to calculate the risk priority number?
A) Risk priority number = total profits from new products/total expenditures
B) Risk priority number = total profits from new products - total expenditures
C) Risk priority number = successful projects/total project portfolio
D) Risk priority number = severity X likelihood of occurrence X inability of controls to detect

Question

Quizplus · Accepted Answer

Risk priority number (RPN) is calculated by multiplying the severity of the potential failure, the likelihood of occurrence, and the inability of controls to detect the failure. The formula for RPN is RPN = Severity x Likelihood of Occurrence x Inability of Controls to Detect. Option A and B are not related to FMEA, while option C is not a formula for calculating RPN.

In the Context of FMEA,which of the Following Formulas Is