A risk assessment framework for analyzing risks associated with a systems engineering process

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8 Scopus citations

Abstract

Systems Engineering Process (SEP) is the systemic approach to design, development and implementation of a reliable and trustworthy system that satisfies its specified requirements. However, beyond the precision of the plans developed through SEP, it is also essential to consider uncertainties as well as emergent properties created through the process that might lead to negative consequences and subsequent financial losses throughout the system's life cycle. Therefore, assessing the risks associated with various stages of the SEP is among the key factors in efficiency of engineered systems and one of the major challenges that a systems engineer has to encounter. This paper proposes a Risk Assessment Framework (RAF) for analyzing risks associated with the process of systems engineering. RAF proposes a systemic approach to risk management and analysis through identification, classification, and prioritization of risks associated with different stages of a systems engineering process. The framework is subsequently applied to an illustrative example through which hundreds of subject matter experts participate in the risk evaluation process. Enterprises involved in systems engineering activities can use the findings of this research as a guideline to develop their risk management strategies.

Original languageEnglish
Title of host publication2010 IEEE International Systems Conference Proceedings, SysCon 2010
Pages484-489
Number of pages6
DOIs
StatePublished - 2010
Event4th International Systems Conference, SysCon 2010 - San Diego, CA, United States
Duration: 5 Apr 20108 Apr 2010

Publication series

Name2010 IEEE International Systems Conference Proceedings, SysCon 2010

Conference

Conference4th International Systems Conference, SysCon 2010
Country/TerritoryUnited States
CitySan Diego, CA
Period5/04/108/04/10

Keywords

  • Risk assessment framework
  • Risk identification
  • Risk management
  • Risk prioritization
  • Systems engineering process

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