Muhammad Saqib Ali
, Dr. Rehman Akhtar
Risks are any deviations of processes from their normal behavior that can cause economic, physical or emotional harm. Based on the nature of its job, the steel mills are the industries that are prone to a high number of risks. Also, the high number of applications of its product makes it a must to maintain a healthy working environment. However, it is quite difficult to neutralize those risks while keeping the cost constant. This research addresses those risks by applying scientific methods and providing a systematic way of prioritizing and analyzing the failure risks. It consists of two risk analysis methods. First is the Failure mode and effect analysis (FMEA). It helps identify the risks, shows the cause of each failure and shows the impact of each failure on the production system of the steel mill. The second method is the Boston Rectangular matrix, it helps prioritize the risks to be addressed. These are the most recommended methods to ensure a good production system. These methods use the statistics of Risk priority number (RPN) to prioritize the problems. They identify, evaluate, monitor and handle those risks in the best possible way. The data collected in this research is from the activities performed on the production side of a local Steel industry in Pakistan. This research shows the combined application of the FMEA and Boston matrix and proves that a high number of hazards can be identified and neutralized by properly implementing them more than any other method.
Muhammad Saqib Ali Dr. Rehman Akhtar “Risk Analysis of Potential Hazards by FMEA & Boston Rectangular Matrix in FF-S Vol. 10 Issue 11 PP. 83-92 November 2023. https://doi.org/10.34259/ijew.23.10118392.
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