This risk assessment tool is a variation of the risk severity matrix that includes the ease of detection for each of the identified risks.
A)PERT simulation
B)FMEA analysis
C)Ratio/range analysis
D)Probability analysis
E)Semi-quantitative analysis

Question

Quizplus · Accepted Answer

Failure Mode and Effects Analysis (FMEA) extends the risk severity matrix by including ease of detection in the equation: Impact x Probability x Detection = Risk Value.

This Risk Assessment Tool Is a Variation of the Risk