MANAGEMENT

Detailed explanation-1: -Formula: The Risk Priority Number, or RPN, is a numeric assessment of risk assigned to a process, or steps in a process, as part of Failure Modes and Effects Analysis (FMEA), in which a team assigns each failure mode numeric values that quantify likelihood of occurrence, likelihood of detection, and severity of impact.

Detailed explanation-2: -In the third step, the three factors of severity, occurrence, and detectability are multiplied together to calculate the so-called risk priority number (RPN): RPN = S × O × D. Fourth, the critical failure modes are identified based on RPN rankings.

Detailed explanation-3: -Risk Priority Number Method This technique, commonly used in the automotive industry, bases the risk priority number for an item failure mode on three factors: probability of occurrence, the severity of the failure’s effects, and probability of failure detection.

Detailed explanation-4: -The scoring system typically used for severity/criticality, probability of occurrence, and probability of detection is generally from 1 to 5, with 1 considered low risk and 5 high risk. The RPN score is calculated by multiplying the severity/criticality, probability of occurrence, and probability of detection.