Functional and Process Modeling of the Risk Management Procedure

The structure of the risk management procedure is considered on the example of the method of analyzing the types and consequences of failures (FMEA). Two models of the FMEA procedure are presented—a functional one based on the IDEF0 notation and a process one based on the BPMN notation. Within the framework of these models, the main stages of the FMEA procedure, active participants, data and document flows are shown.