Section 1 set up of the risk analysisIf a risk or reliability assessment is to efficiently satisfy a particular need, the charter for the risk assessment team must be well defined. 3-1 / Figure 1 contains the various elements of a risk assessment charter. Defining these elements requires a clear understanding of the reason for the study, a description of management’s needs and an outline of the type of information required for the study.Sufficient flexibility must be built into the analysis scope , technical approach , schedule and resources to accommodate later refinement of any undefined charter elements based on knowledge gained during the study . The risk assessment team must understand and support the analysis charter, otherwise a useless product may result
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