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EMS5RCE Risk And Cost Engineering
Questions:
You and your team have been tasked to evaluate the risks associated with moving from a traditional manufacturing and distribution method of prosthetics,to an advanced manufacturing method that will be designed to take advantage of additive and digital manufacturing techniques to create new products with embedded sensors.
Firstly, draw on your engineering background to gain an overview of the current manufacturing methods and their respective production times. Obviously, this information may not be readily available, therefore, you may be required to make some assumptions – but use your engineering judgements to make sure these are justified.
Then, select an appropriate advanced manufacturing method for your products. When we refer to advanced manufacturing, this may additive, subtractive or another method that can be integrated into an industry 4.0 framework. It could also be a future manufacturing method that is yet to be commercialised. Remember, this subject is about risk engineering, and this report does not require a full technical evaluation.
The next stage will be to implement a risk management process based and the content of this course. Some things to think about would include:
(i). Risk and opportunities
(ii). Hazard
(iii). Safe design principles
(iv). The risk Management process:
Risk analysis
Risk evaluation
Risk treatment
Risk monitoring and review
Risk hazard matrix
(v). Techniques and tools used for planning and probabilistic analysis:
CPM
PERT
Monte Carlo
(vi). Summary:
Conclusions and lessons learnt
Recommendations
Future research
Go through the step-by-step process with your team, brainstorm what the different risks for you company and project are, where they are coming from, are they internal or external, what category, etc. Set-up a risk matrix and score the various risks.
With regard to the techniques and tools you will use for planning and probabilistic analysis you may wish to compare different methods. For instance, one could compare the use of PERT calculations to a Monte Carlo simulation?
You will need to include at least one network diagram – preferably two. One could be either specific to an assembly process (such as print part →machine part → assemble part etc.). The other could be related to your manufacturing company as a whole, i.e., buy raw materials → manufacture part → package and store → ship part/component to customer etc. In each case there are risks involved and they can be assigned times, or costs or both.
How can digital manufacturing be of use when implementing and monitoring risks? Could you think of a feedback loop for data along the path?
These are some of the questions you should cover in your report.
The body of the paper usually contain the following sections:
- Title
- Authors first and last (given and family) names and student numbers and e-mail address
- Summary (400 words maximum, no graphics)
- Introduction
- Body
- Conclusions/Summary
- Acknowledgements (if any)
- References
EMS5RCE Risk And Cost Engineering
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