Financial Services FMEA Training Melbourne

   

Financial Services FMEA Training Content
Financial Services FMEA Training Melbourne

Financial Services FMEA Training Content

Financial Services FMEA teaches a disciplined method to organize potential failure modes and their effects on financial processes and to establish associated resolution actions. The method can be applied to all operational processes across a financial services organisation including banking and financial planning.

FMEA is a primary tool to identify and prevent potential problems during conceptualisation, design and development of processes and the products and services they produce. Preventing problems results in faster time to market, higher throughput, higher customer satisfaction, reduced product and process rework and identification of process and operational risk including potential contravention of regulatory requirements.

Financial Services FMEA is a disciplined process risk and control analysis method with tools to aid in the identification, mitigation and reduction of process risk at all levels in the process hierarchy through discovery of causes of failure against the process requirements and implementation of control methods at appropriate points in the process chain.

After the completion of the course, participants will be able to:

• Identify actions to prevent process failure
• Identify process in the financial services process chain at greatest risk
• Identify scope and priority of financial processes that require FMEA in the organisation
• Determine operational and process risk and interaction
• Develop Severity, Occurrence and Detection tables in organisational lexicon
• Define Requirements of processes and process steps
• Link process risk to process work instructions and training requirements
• Identify Process and Process Step Failure
• Identify severity and consequnce of process failure including organisational regulatory requirements such as:
• Authorised Deposit Taking Institutions
• General Insurance
• Life Insurance and Friendly Societies
• Private Health Insurance
• Superannuation
• Brainstorm and Identify Causes of Failure and their likelihood
• Identify metrics within organisations to allocate occurrence and likelihood of causes of poor process performance
• Identify key points of measure for regulatory and customer requirements
• Reduce cost, rework and drive data driven decisions
• Improve process design

Financial Services FMEA Training Melbourne

The next Financial Services FMEA Training course in Melbourne is:

There are no courses currently scheduled. Contact us to ask us to schedule a course to meet your needs! Apply for course via email:
Please download and fill in the Financial Services FMEA Application form and email to Quality One Financial Services FMEA Course Application Melbourne

Financial Services FMEA Melbourne Application pdf    Financial Services FMEA Melbourne Application doc

Apply for course online:
Please click to go to the Quality One Online Financial Services FMEA Training Booking Melbourne