Risk Management Throughout The Automotive Development Process Web Seminar RePlay
This course discusses the attributes that portend high probability of failure, as well as ways to assess the strategies associated with the project to improve the probability of success. We will also demonstrate the processes and steps that are required for effective project risk management. Participants will recognize the signs that a project is at risk even before starting the work and can proactively make the necessary adjustments with the sponsors and stakeholders to reduce those risks. Additionally, participants will learn how to maximize the contribution from the team in regard to identifying, eliminating and remediating risks. This will ensure that greater awareness and attention is given to this area of the project beyond the project manager. In addition to being able to apply the techniques of risk management, participants will receive insight into the typical phases of automotive product development (Product Development, Process Development, Product and Process Validation, and Launch) and risks associated with these phases
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This course addresses the needs of aspiring project managers, project managers, project engineers, manufacturing engineers and managers in the engineering, manufacturing, product testing and supplier quality assurance fields. It is helpful to be working in the automotive industry as a OEM or a tier 1 or tier 2 supplier as the risk discussion spans the gamut of the product development cycle for these industries.
What will you learn
- Identify the risks to project success based upon the structure and scope making it possible to create plans to address and mitigate the risk
- Calculate the probability of connected events and identify the probability of the chain of events
- Evaluate various proposed solutions through demonstrated techniques and project strategies and differentiate the least risky solution
- Diagram the risk management process
- Differentiate quantitative and qualitative risk evaluation techniques
- Explain the need for specific metrics associated with project and product risk
- Identify key metrics associated with risks and explain the needs for metrics
- Identify the monitoring process and then describe an effective monitoring scheme and the connection to metrics
- Define and calculate contingency budgets
- Build a risk register and debate / justify the severity and probability
Course structure
Session 1
- Overview of Risks to Vehicle Projects
- What is risk
- Risk and scope and strategy
- Overview of statistics
- Identification of Risk for Vehicle Projects
- Team’s role in discovering risks
- Brainstorming methods
- Role of historical records
- Association of metrics to the risk and prediction (trends)
Session 2
- Assessing the Risk to the Product Developed for the Vehicle
- Qualitative techniques
- Quantitative techniques
- Contingency budgets
Session 3
- Monitoring and Control Risks
- Importance of metrics
- Monitoring and responsibility
- Invoking mitigation or abatement actions
Session 4
- Risk and Voice of Customer
- What typically goes wrong with scope and requirements in automotive projects
- Metrics that predict failure in the requirements and scope of the vehicle project
- Techniques that can reduce the requirements / scope risk
- Risk Associated with Developing the Product for the Vehicle
- What typically goes wrong while developing the product for the vehicle
- Metrics associated with developing the product for the vehicle that improve success
- Techniques that can reduce the development risk
Session 5
- Risk and Process Development
- What typically goes wrong developing the manufacturing process
- Metrics that enable prediction of the capability of the manufacturing processes
- Techniques to reduce the risks associated with manufacturing processes
- Risk and Verification and Validation
- What typically goes wrong
- Metrics associated with the verification of the product and manufacturing processes for the vehicle that improve success
- Techniques to reduce the risks associated with the verification work
Session 6
- Risk and Launch of the New Vehicle Product
- What typically goes wrong
- Metrics associated with the launch of the vehicle product that enable response
- Techniques that can reduce the risks associated with the launch of the vehicle
Materials Provided
- 90 days of online single-user access (from date of purchase)
- 12 hours of instructor-delivered content
- Course workbook (downloadable, .pdf’s)
- Online learning assessment
- Instructor follow up to your content questions
- 1.2 CEUs* (upon completion of all course modules and satisfactory assessment score)
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