Compare and contrast risk mapping, FMEA, and the gut-feeling method. Which method do you feel is most productive? Why? Only need about 150-175 word opinion?
Risk Mapping or creating a risk register is a graphical way of capturing and measuring various risks with an associated project. It compares one risk to another based on the position on the map that each risk is placed and may contain data such as cost and probability weighed against probability of occurrence.
FEMA, or Failure Methods ...
Compares Risk Maps to FMEA