A free example of a failure mode and effects analysis for anticoagulant therapy is available from the Institute for Safe Medication Practices. The tool is designed to help healthcare providers ...

Products being used within their end-product application can suffer systematic or random failures. Functional safety standards are designed to help influence the reduction of potential risks of ...

We describe how to conduct a regression analysis for competing risks data. The use of an add-on package for the R statistical software is described, which allows for the estimation of the ...

Effectively addressing risks means at the start of each project every project manager should develop and implement a risk management strategy, plan, and tools. But being able to decide which risks ...

Risk management used to be reserved only for large companies that had the resources to hire consultants or employees to assess major threats to the company and devise ways to prevent or deal with them ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Thomas J Catalano is a CFP and Registered Investment Adviser with ...

Once the risk team has been assembled, the crucial process of identifying risks must commence. The output of the risk ...