Integrated risk management in production systems

Abstract

The article focuses on the issue of risk management in productive systems through risk assessment and analysis. Different approaches of risk management have been presented. The use of integrated methodology of risk assessment and analysis in productive systems have been discussed. The author describes the matter of performing identification of possible risks from 4M group (machine, material, method, man), their continuous analysis, assessment and mitigation method. This article features a case study by which production efficiency disturbing factors have been identified. Additionally the risk levels have been assessed and process improving actions indicated.