Some other tools that I have seen used in risk management is root cause analysis. This allows us to pinpoint the factor or cause of the failure to help resolve and analyze how to stop it, how to prevent it from occuring, and what to learn from it. There are several methods to this including:
– Pareto Analysis
– Fault Tree Analysis
– Current Reality Tree (CRT)
– Fishbone or Ishikawa or Cause-and-Effect Diagrams
– Kepner-Tregoe Technique
– RPR Problem Diagnosis