Reduction of engineering costs:

• Automation of time consuming and error prone tasks

• Processing of technical documentation

• Risk identification and classification

• Generation of risk analysis reports

Reduction of critical failures:

• Ability of scanning existing company knowledge and apply it to new projects

• Seamless scaling with project complexity

• One-click updates when new project information is available

Improved knowledge management:

• Indefinite retention of organizational knowledge

• Collaborative review of risk analysis results with key stakeholders

FMEA (Failure Modes and Effects Analysis)

FMEA identifies potential failure modes within a system and assesses their impact to prioritize mitigation efforts.

• Pros: Systematic, helps prioritize risks, improves reliability.

• Cons: Time-consuming, may miss complex interactions.

FMECA (Failure Modes, Effects, and Criticality Analysis):

FMECA extends FMEA by adding a criticality analysis to quantify the severity and likelihood of failures.

• Pros: Detailed prioritization, quantifies risk, enhances decision-making.

• Cons: More complex and resource-intensive than FMEA, relies on accurate data.

HAZOP (Hazard and Operability Study)

HAZOP examines processes to identify hazards and operability issues through systematic deviation analysis.

• Pros: Thorough, identifies operational issues, enhances safety.

• Cons: Requires expert knowledge, labor-intensive, may be subjective.

STPA (System-Theoretic Process Analysis)

STPA uses a systems theory approach to identify unsafe interactions and control flaws in complex systems.

• Pros: Addresses complex interactions, focuses on control systems, adaptable to various domains.

• Cons: Requires deep understanding of systems theory, only qualitative.

• Reasoning of AI models transparently exposed to the users and domain experts

• Automated identification of high uncertainty areas for the risk assessment

• Traceability of AI-supported decisions throughout the project evolution