P41 has developed Parameter Analysis as a systems thinking tool to solve quality issues. It became quickly clear that this method also allows very fast and accurate analysis, like FMEA, HAZOP and reliability studies. Many companies are using this method now for rolling-out risk analysis and even contingency plans.
Because all knowledge is represented in a visual simple way, it allows all participants to understand the processes and their critical parameters. Since the way of working is algoritmic, ALL failure modes and defects are included, which makes these analysis complete and eliminates the need for applied creativity.