“…A large number of techniques exist for Risk Identification, such as brainstorming and workshops Oehnen et al, 2009;Elleuch et al, 2014), Failure Checklists (Chase et al, 2006;Tummala and Schoenherr, 2011), survey and interviews (Shen et al, 2001;Hallikas et al, 2002;Hallikas et al, 2004;Lee et al, 2007;Tuncel and Alpan 2010), Delphi groups (Ghadge et al, 2013), Risk Mapping (Gardner and Cooper, 2003;Norrman and Jansson, 2004;Pujawan and Geraldin, 2009;Tummala and Schoenherr, 2011), Value-Focused Process Engineering (VFPE) (Neiger et al, 2007); KPI monitoring (Giannakis and Louis, 2011) and various diagramming approaches such as Cause-Effect diagrams (Tummala et al, 1994;Chase et al, 2006), Failure Tree Analysis (FTA) and Event Tree Analysis (ETA) (Tummala and Schoenherr, 2011), Failure Mode And Effect Analysis (FMEA) (McDermott et al, 1996;Karim et al, 2008;Tuncel and Alpan 2010;Tummala and Schoenherr, 2011;Elleuch et al, 2014) and Influence Diagrams (Chapman, 1997;Hollnagel, 2004).…”