Risk Assessments: Taming Project and Product/Process Level Risks

In Episode 257, hosts Adrian and Renaud explore risk assessments and the importance of understanding risks at both macro (project) and micro (product) levels. With practical insights, they explore how businesses can identify potential risks in new product development, supply chain setups, and manufacturing processes.

Assessing risks is a fundamental practice that can save businesses from costly mistakes, compliance issues, and unforeseen market disruptions. Join us as we break down why risk assessments matter, how to conduct them effectively, and the best strategies to mitigate threats in manufacturing, especially for those sourcing from China and Asia.

 

Show Sections

• 00:00 - Introduction & U.S. Tariff Updates
• 04:27 - Understanding Risk Assessments: Why They Matter
• 07:04 - Project-Level Risks in Manufacturing
• 11:00 - Product & Process-Level Risks
• 23:20 - How to Conduct a Risk Assessment
• 29:49 - Risk Mitigation Strategies & Best Practices
• 36:06 - Conclusion: Key Takeaways

 

Related content...

• How To Do A Product Risk Assessment ‘By The Book’ (for Safety)
• FMEA (Failure Modes and Effects Analysis)
• 3 Key Process Improvement Tools You Need To Start Using: Flow Chart, FMEA, Control Plan
• What Is A Process FMEA and When To Use It? [Template]
• Get help from Sofeast! On-Site Process FMEA + Process Control Plan Workshops

 

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