Not distinguishing between project-specific risks and general project-management risks. Risks identified using the FMEA process should relate specifically to the project and reflect its unique scope and success criteria. All projects face some common risks; identifying only them could lead to a shallow risk list. Don't use another project's completed FMEA matrix as a starting point. Start with a blank matrix. Once you finish your matrix, then it's worthwhile to look over other matrices from other projects to stimulate identification of further risks.
Failing to incorporate FMEA results in the project execution plan. The FMEA matrix is a tool to facilitate project risk management. Conducting the analysis and completing the matrix doesn't constitute risk management. You must incorporate the action plans and detection methods identified in the matrix into the project execution plan. You must modify the necessary communication procedures, work processes and other execution elements to reflect the project-specific FMEA.
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