HEADLINES
- Never Underestimate a Cat
- Do the Math
- The Zero Defects Option-- Book Review
- Kids Say No to Engineering
- Baldrige Criteria--New and Improved
- Not All Manufacturers Hitting Panic Button
(Photo: M. Murphy/Public domain)
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Never Underestimate a Cat
Have you ever been so sure your calculations were correct that you’d spend a good deal of money to implement a project? Or, did you bank on certain research only to find that you completely overlooked a crucial factor, but by then it was too late and the cost to fix the problem was sky-high? The central problem is determining uncertainty, which is the focus of risk analysis. Even the best, most thorough analysis can miss something, however--especially when assumption plays a role.
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