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Haimes' Faliure types in terms of Risk Management policies in a metal…
Haimes' Faliure types in terms of Risk Management policies in a metal factory
Software
Regular updates of software
User friendly interface
backup of company's data on monthly basis
Periodic training to employees
Efficiency increased
Employee satisfaction
Project delivery faster
Feedback recorded
Continuous improvement
Error proofing
Hardware
Weekly greasing and lubricating of moving parts
Replacing cutting fluid weekly
Faster cutting
Increased blade life
Periodic maintenance of guillotine machine
Helps prevent breakdowns
Less downtime
Long term durability
Yearly subscription
Human
Weekly meetings to record near miss
Prevents hazards/accidents
Predict future hazards
Media devices stored in lockers to avoid distraction
Training to educate
Monitors progress
Efficient production techniques
Increased profits
Organisational
Employee performance review
Hassle free environment
Monitors
Review of HR policies
Employee retention
Favour employees
Rewards and recognition
Company reputation increases
Motivates to strive hard