Develop safe and reliable products by managing and reducing risks. codeBeamer ALM’s Risk Management feature set helps you identify, analyze, and mitigate or reduce hazards that might affect your product’s success. It greatly facilitates compliance with the risk-related requirements of ISO 14971, ISO 26262, IEC 61508, IEC 62304, DO-178C, and other safety-critical standards.

codeBeamer ALM offers a comprehensive risk management feature set that is fully integrated with its Application Lifecycle Management capabilities. Therefore, it helps identify and manage risks that are inevitable in product development projects, whether you are using a (scaled) Agile, Waterfall, or Hybrid framework to build enterprise applications, embedded software, or IoT-connected devices.

Being able to identify risks early on, and adequately preparing and executing their reduction or mitigation could significantly affect the profitability of your entire company. Safety and reliability are top concerns when creating high quality products for the automotive, medical, aviation industries as well as other safety-critical sectors. In the case of mission-critical devices, human lives may depend on the correct functioning of embedded software. Risk management is not only an important activity to ensure the quality of these safety-critical products, it is also a process required by the various standards and guidelines that apply to these highly regulated industries (such as ISO 26262, ISO 14971, IEC 61508, etc). Using codeBeamer ALM, preparing for audits and achieving compliance are greatly simplified.

codeBeamer’s integrated risk management functionality allows you to conduct all the steps of a comprehensive risk management lifecycle:

  1. Risk Identification
  2. Classification and Assessment
  3. Hazard Analysis
  4. Risk Reduction Plan
  5. Risk Mitigation Actions
  6. Documentation and Reporting
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The risk management features of codeBeamer ALM are fully integrated with requirements, development, testing, and maintenance, ensuring complete risk traceability throughout the entire product lifecycle.

Risks are documented, and their coverage with reduction or mitigation activities may be analyzed in real-time. codeBeamer’s Risk Matrix Diagrams allow you to visualize risks, and to analyze the performance of your mitigation efforts. Custom reporting features help you provide proof of your risk management activities to facilitate compliance audits. Preconfigured but flexibly customizable Failure Mode and Effects Analysis (FMEA) trackers support your efforts to collect all possible failure modes, as well as to plan and execute their mitigation. An easily exportable, comprehensive FMEA worksheet may be used to report on the entire Failure Mode and Effects Analysis process.

Risk Management and FMEA in Software & Hardware Projects

Risk & Failure Mode Trackers and Libraries

Create a risk registry to identify and analyze all hazards using preconfigured, yet flexibly adaptable risk and failure mode work items, or create your own artifacts. Save your risks to libraries, and re-use them in future projects. Set likelihood (occurrence), severity, and detection values for each of your risks. When conducting FMEA, a Risk Priority Number will be automatically calculated based on these values to support risk prioritization. Visualize your overall risk level as well as how your mitigation actions are performing using our configurable Risk Matrix Diagrams.

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Risk Management Workflows & Process Enforcement

Define and enforce tailor-made workflows for your risk management lifecycle, and restrict access via user permissions. Take advantage of codeBeamer’s automatic change control which documents all actions and changes on all your risk-related work items. Create custom, logic-based automated processes for high-risk items.

Integrated Risk Management & Traceability

Derive risks from requirements (to collect and analyze all risks of a certain feature), or the other way around (to implement new features that help reduce or mitigate risks). Links may be automatically established between work items throughout the lifecycle, ensuring end-to-end risk traceability. Report on risk coverage and trace items forward and backwards to facilitate compliance. Take advantage of codeBeamer’s Traceability Browser to map and visualize the relationship between your work items across the entire lifecycle.

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Failure Mode and Effects Analysis (FMEA)

Support your risk management with Failure Mode and Effects Analysis. codeBeamer’s preconfigured but flexibly adaptable FMEA artifacts let you collect and analyze failure modes, and allow you to plan, manage, and document the execution of all your mitigation actions. Export a comprehensive FMEA worksheet to report on your Failure Mode and Effects Analysis process.

Advanced Collaboration Features

Assign risks to team members, and authorize certain members of your team to access a shared risk registry. Comment, vote on, or rate risks collaboratively. Use comments, wikis, and automatically triggered notifications to make sure collaboration is smooth and efficient across teams.

Risk Documentation and Reporting

Export risk traceability reports to trace actions from requirements to mitigation. Prove the efficiency of your risk mitigation activities in compliance audits. Use custom Word or Excel templates to export reports on your requirements and risks, as well as the execution of your mitigation activities.

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If you’d like to know more about codeBeamer’s features regarding risk management, please fill in the following form to download our Risk Management brochure free of charge:

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