This one-day Advanced Risk Identification Course provides a detailed review of the basic risk management process including planning, identification, assessment/analysis, tracking/reporting and closure methods. Focus then narrows to the risk identification process and the utilization of failure and safety analyses to extract potential risks for detailed assessment and tracking. Understand the basics to structuring and implementing an FMEA process including criteria establishment, failure identification, failure assessment, prioritization, and management. Learn the FTA structured approach to identifying series of failures and their impacts on systems or components and understand the methods for analyzing potential process hazards and hazardous operations for your project. Identify risk areas from each type of failure and safety analysis and learn tricks to managing safety-related risk items within the boundaries of your existing risk management process.
Learning Objectives:
- Understanding the importance of risk identification in the overall risk management process
- Learn high-level safety analysis techniques such as Fault-Tree Analysis (FTA) and Failure Modes and Effects Analysis (FMEA) and their applications to the risk identification process
- How to capture risks using advanced risk identification techniques
Skill Level: Intermediate/Advanced
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Becky Reed, CSEP, President and CEO, Reed Integration, Inc
Steve Waddell, PMP, MBA, Vice President of Strategy, Reed Integration, Inc.
Becky Reed is the President and CEO of Reed Integration, Inc., an 8(a), Woman-Owned, Small Disadvantaged Business based in Virginia, and is one of the first 42 people in the world to achieve the credential of INCOSE Certified Systems Engineering Professional (CSEP).
An Aerospace Engineering graduate of the University of Alabama, Ms. Reed is a nationally recognized authority on systems engineering and risk management and their applications in government and commercial markets. Her career includes leadership roles in establishing and managing systems engineering and risk management processes for aerospace, information technology, nuclear energy, and ecological science programs. Through Reed Integration, Inc. (RII), Ms. Reed has supplied technical and management consulting services including “turn-key” setup and implementation of systems engineering processes for government clients. Ms. Reed also provides customized technical training to government and commercial clients across the United States and offers public courses on various systems engineering, project management, and leadership topics. In association with Old Dominion University (ODU), her company continues to provide the very successful Professional Certificate in Systems Engineering to clients such as the US Navy/SPAWAR, Northrop Grumman Ships, and Northrop Grumman IT. Launch of the Professional Certificate in Project Management was completed in the Hampton Roads area of Virginia in October 2007 and the Professional Certificate in Program Management is scheduled to begin in April 2008 at Northrop Grumman. Graduates of each of these programs are eligible for up to six graduate level credits toward a Master’s Degree in Engineering Management from Old Dominion University.
A former President of the Huntsville, Alabama, chapter of INCOSE, Ms. Reed has also served as Director of Programs for the Hampton Roads Area Chapter of INCOSE in 2004, Vice-President in 2005, and President of the chapter in 2006. She received the Outstanding Service Award from INCOSE at the 2007 International Symposium for her work with the Huntsville, Alabama, and Hampton Roads Area Chapters and is currently a Region V Representative on the INCOSE Member Board.
Ms. Reed is also the Past-President of the Peninsula Engineers Council and is a member of the National Association of Women Business Owners (NAWBO) and the Project Management Institute (PMI). In December 2007, she received the “2007 Women in Business Achievement” award presented by INSIDE Business in the Hampton Roads area of Virginia.
Steve Waddell is the Vice President of Strategy for Reed Integration, Inc. He is also Past President of the Hampton Roads Area Chapter of INCOSE, where he initiated the successful HRA INCOSE seminar / symposium series with the very first Symposium on Risk in March of 1999, and has since led three others on Metrics, Risk Management, and Information Technology. In 2002, HRA INCOSE received Hall of Fame and Gold Circle Award recognition from INCOSE Headquarters under his leadership.
Mr. Waddell is an accomplished Project Manager with a broad range of experience in civilian and military program and project management where his background in systems engineering, training, technical leadership and process improvement are leveraged to ensure project success.
With a career spanning over two decades in product development, strategic planning and risk management, Mr. Waddell has held the lead role in developing and directing the risk management initiatives of many major defense programs, including ship, radar, propulsion and software projects. Mr. Waddell was the Risk Management Subject Matter Expert at Northrop Grumman Newport News for all carrier programs, as well as the company’s Electric Drive program. Leading a team of systems engineers, he was directly responsible for the successful development and implementation of these programs’ complex risk management plans. In 1998, Defense Systems Management College recognized Mr. Waddell’s Risk Management Process for the CVN 77 Aircraft Carrier Program as an Industry Best Practice. Mr. Waddell has been certified by NASA Goddard as a Continuous Risk Management (CRM) instructor, and has co-taught risk numerous management courses with NASA Goddard instructors.
Mr. Waddell is an honors graduate of the Northrop Grumman Newport News’ Apprentice School program and holds an MBA degree from Florida Institute of Technology. He is a certified PMP© from the Project Management Institute (PMI), and has served as the Vice President of Special Projects for the Hampton Roads chapter of PMI. He is Past VP and member of Peninsula Toastmasters. He has taught master’s level courses on Program and Project Risk Management for Florida Institute of Technology, and has been a guest lecturer for the Executive Master’s in Systems Engineering program at the University of Virginia. Mr. Waddell is also the lead instructor for the Project Management Certificate Program with the University of California at Irvine (UCI), where he teaches Project Management and Risk Management in Newport News Virginia for Northrop Grumman Newport News. He is frequently requested to speak at other venues around the country.
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