Quality and Risk Management: Analyzing Risks with FMEA Project, MQQ553

This report is a comprehensive analysis of a healthcare project, focusing on Quality and Risk Management, specifically utilizing the Failure Mode and Effect Analysis (FMEA) methodology. The assignment, completed for the Master of Science in Healthcare Management program at Swiss Business School, requires the selection of a real-world activity, project, or program for risk assessment. The core of the assignment involves identifying potential risks, conducting a detailed FMEA, and proposing strategies for risk removal, reduction, or containment. The report includes a thorough explanation of FMEA principles, outlining failure modes, their causes, and potential effects. The goal is to demonstrate a practical application of risk management techniques within a healthcare context, aligning with the course objectives of MQQ553. The grading scheme emphasizes the importance of academic rigor, original thought, and clear presentation, with a pass mark of 70% required to meet the assignment criteria. The assignment also includes a detailed example of an HFMEA applied to Prostate Specific Antigen (PSA) testing to help guide the student.