Risk Analysis of the Space Shuttle Challenger Disaster

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Executive Summary

The project that I was involved in was the Risk Analysis of the Space Shuttle Challenger Disaster. I began this in February 2014 and my project supervisor was Dr. Seth, professor of project management, data and decision making, operations Research, operations management and supply chain management, total quality management and Six Sigma.

My main objective was to make a risk analysis of the Space Shuttle Challenger Disaster occurred in 1986. My chosen focus area was the risk analysis process of the space shuttle and I was able to understand the risk potential.

It was a great learning experience and taught me, on the whole, majority of the aspects of risk analysis.

Contents

Executive Summary .................................................................................................................... 4

Introduction ............................................................................................................................... 5

Six Sigma - A new name for an old vision: ......................................................................... 5

Six Sigma As A Statistical Measure..................................................................................... 6

Six Sigma As A Goal ............................................................................................................ 6

Six Sigma As a System Of Management ............................................................................. 6

Introduction to the Hospital, Sharjah ................................................................................ 7

Methodology .............................................................................................................................. 8

The Six Si...

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The third step in risk management process consist in identify the risks impact and therefore to measure the impact that the risk could have on the organization. Is important to understand that not all risks will have the same impact.

Impact Definition

High High impact risks may result in the highcostly loss of assets; risks thatsignificantly violate, harm, or impede operations; or risks that cause humandeath or serious injury.

Medium Medium impact risks may result in the costly loss of assets; risks that violate, harm, or impede operations; or risks that cause human injury.

Low Low impact risks may result in the loss of some assets or may noticeably affect operations.

Risk Impact levels: from NIST's Risk Management Guide for

Information Technology Systems

Risk Assessment

O-ring failure

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