Description
There are many ways to approach risk. For the purpose of this discussion the focus will be on post failure analysis. Post failure analysis can be useful in predicting future trends.
Provide a real example of how a business or industry uses post failure analysis and explain how any why.
Explanation & Answer
Attached.
Running Head: FAILURE ANALYSIS
1
Failure Analysis
Institutional Analysis
Date
FAILURE ANALYSIS
Failure analysis is the collection of data which is then analyzed in an effort to define
what caused a certain failure. The process is used to come up with favorable corrective actions
and also a proactive action to prevent possible cases of failure in the future. Failure analysis is
conducted by first collecting ...
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