Completely updated, this new edition uniquely explains how to assess and handle technical risk, schedule risk, and cost risk efficiently and effectively for complex systems that include Artificial Intelligence, Machine Learning, and Deep Learning. It enables engineering professionals to anticipate failures and highlight opportunities to turn failure into success through the systematic application of Risk Engineering. What Every Engineer Should Know About Risk Engineering and Management, Second Edition discusses Risk Engineering and how to deal with System Complexity and Engineering Dynamics, as it highlights how AI can present new and unique ways that failures can take place. The new edition extends the term "Risk Engineering" introduced by the first edition, to Complex Systems in the new edition. The book also relates Decision Tree which was explored in the first edition to Fault Diagnosis in the new edition and introduces new chapters on System Complexity, AI, and Causal Risk Assessment along with other chapter updates to make the book current.
Features
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Discusses Risk Engineering and how to deal with System Complexity and Engineering Dynamics
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Highlights how AI can present new and unique ways of failure that need to be addressed
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Extends the term "Risk Engineering" introduced by the first edition to Complex Systems in this new edition
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Relates Decision Tree which was explored in the first edition to Fault Diagnosis in the new edition
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Includes new chapters on System Complexity, AI, and Causal Risk Assessment along with other chapters being updated to make the book more current
The audience is the beginner with no background in Risk Engineering and can be used by new practitioners, undergraduates, and first-year graduate students.
Preface
Chapter 1 : Risk Engineering - Dealing with System Complexity and Engineering Dynamics
Chapter 2 : Risk Identification - Understanding the Limits of Engineering Designs
Chapter 3 : Risk Assessment - Extending Murphy’s Law
Chapter 4 : Design for Risk Engineering - The Art of War Against Failures
Chapter 5 : Risk Acceptability - Uncertainty in Perspective
Chapter 6 : From Risk Engineering to Risk Management
Chapter 7 : Cost Risk - Interacting with Engineering Economy
Chapter 8 : Schedule Risk - Identifying and Controlling Critical Paths
Chapter 9 : Integrated Risk Management and Computer Simulation
Index
