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Criterion
Paper illustration for ABC Analysis
Operations
ABC Analysis
Paper illustration for Failure Mode and Effects Analysis
Operations
Failure Mode and Effects Analysis
A hypothetical failure makes concrete risks, signals, and fitting mitigations visible.
Decision Making
Pre-Mortem
Paper illustration of a calibrated five-by-five risk matrix with response cards.
Decision Making
Risk Matrix
Purposedifferent
With many similar objects of differing economic significance, the method prioritizes effort by effect. It separates what needs regular steering from what rarely needs attention.For a process, product, or service with noticeable failure risks, the method assesses possible failure modes in advance. It directs attention to combinations of occurrence, effect, and detectability.In early initiatives with many uncertainties, planning quickly turns too optimistic. A pre-mortem makes the expected failure visible in advance and sharpens the view of causes, gaps, and countermeasures.When a project faces many possible disruptions, it quickly becomes unclear which risks deserve attention first. It separates options, evaluation criteria, and open risks. The result is captured as a Risk Matrix and a Top Risk List.
Complexitydifferent
LowHighLowLow
Timedifferent
30-60 min2-6 h20–45 min30-60 min
Participantsdifferent
1-53-10Small cross-functional group3-10
Formatdifferent
AsyncWorkshopWorkshopWorkshop + async
Outputdifferent
ABC Classification, Focus Rules, Control ListFMEA Table, Risk Priority, Mitigation ActionsRisk list, Mitigation plan, Assumption logRisk Matrix, Top Risk List
Tagsno overlap
PrioritizationOperationsPortfolio
RiskQualityOperationsRoot cause
RiskDecisionFailurePlanning
RiskDecisionPrioritizationAssessment
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