Risk Management & Mitigation Flashcards
7 cards from real CAE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Risk Management & Mitigation flashcards as text
Which risk analysis technique assigns numerical probabilities to events in a branching logic diagram to calculate system failure likelihood?
Answer: Fault Tree Analysis (FTA)
Fault Tree Analysis uses Boolean logic and probability values in a top-down tree structure to compute the likelihood of a system-level failure.
In automotive supply chain risk management, a 'sole-source' supplier arrangement primarily introduces which type of risk?
Answer: Supply disruption concentration risk
A sole-source supplier creates concentration risk because any disruption—natural disaster, insolvency, or quality failure—has no alternative supply path to mitigate it.
The 'risk appetite' of an organization in automotive engineering is best defined as:
Answer: The level of risk the organization is willing to accept in pursuit of its objectives
Risk appetite defines the amount and type of risk an organization is prepared to accept while pursuing strategic goals, guiding decision-making across engineering programs.
During a vehicle program, a Corrective Action Board (CAB) is typically convened in response to:
Answer: Emerging or confirmed field quality issues requiring structured resolution
A CAB is triggered when field data or test results reveal a significant quality or safety problem, bringing cross-functional teams together to define root cause and corrective actions.
Which ISO standard specifically addresses automotive functional safety and requires risk assessment via Automotive Safety Integrity Levels (ASILs)?
Answer: ISO 26262
ISO 26262 is the international standard for functional safety of electrical and electronic systems in road vehicles, using ASIL A through D to classify hazard severity.
A risk heat map plots risk items on axes of probability and impact primarily to:
Answer: Visually prioritize risks so resources focus on high-likelihood, high-impact items
The heat map is a qualitative visualization tool that enables rapid prioritization and communication by showing which risks occupy the critical high-probability, high-impact quadrant.
In the context of automotive cybersecurity risk management, the standard that provides a framework for identifying and mitigating cyber threats to vehicle systems is:
Answer: ISO/SAE 21434
ISO/SAE 21434 defines cybersecurity engineering requirements for road vehicles, including threat analysis, risk assessment (TARA), and cybersecurity lifecycle management.