“Risk based thinking” and “risk based approaches” have become popular themes in a number of quality, project and technical management circles, including counterfeit part avoidance and detection practices. The final rule under DFARS Case 2012-D055 discusses the use of a risk-based approach for a contractor counterfeit electronic part detection and avoidance system. New industry standards introduce risk based thinking when selecting tests and inspections to detect counterfeit parts.
In the following article, Dr. David E. Frick describes the hazards of ascribing levels of risk based on esoteric analysis versus risk assessments supported by empirical data and defensible estimates …
David E. Frick, Ph.D., “The Fallacy of Quantifying Risk“, Defense AT&L Magazine, September–October 2012, p.18-21
In recent opinion piece, quality management system expert, Chris Paris (author of Eyesore 9001) discusses problems facing users with new “risk based thinking” requirements and offers an important warning …
What is ISO 9001′s “Risk-Based Thinking” Anyway?
As with other applications of “risk based thinking”, when studying basis of counterfeit part risk assessment methods, the user community should should beware of “faith based thinking” approaches that transfer risk vs reduce risk to the end user.
NOTE: For those of you in the New York City area next week, Chris Paris will be speaking on the subject of “risk based thinking” at an event sponsored by the NY/NJ Metro Section of ASQ – “Risky Business: Surviving the Future of ISO 9001:2015“