Failure Prevention Through the Cataloging of Successful Risk Mitigation Strategies

The objective of this paper is to introduce the method to add mitigation strategy data to the generated risk event effect neutralization (GREEN) method knowledgebase to improve its ability to effectively mitigate risks. Risk mitigation is the creation and selection of mitigation strategies to reduce, measure, or control risks in a system. Currently, a vast majority of risk mitigation strategies are created based on the engineering expertise of the engineers on a project. The GREEN method provides a means for engineers to supplement their experience by generating risk mitigation strategies based on past successful risk mitigation strategies using the failure modes of the potential risks that the product faces. In order to better aid the engineer in selecting the best possible risk mitigation strategy for a particular risk, more information on mitigation strategies needs to be cataloged in the GREEN knowledgebase. This paper outlines and demonstrates the method for adding new data on mitigation strategies to the knowledgebase, and presents a case study of how this information is added and used to mitigate product risks.