Attributes of RMG and FBD ?

Question

Accepted Answer

RMG and FBD are both risk management techniques used in different industries.

RMG stands for Risk Management Group and is used in the financial industry to identify and manage risks associated with investments.
FBD stands for Failure Mode and Effects Analysis (FMEA) and is used in the manufacturing industry to identify potential failures in a product or process and their effects.
RMG focuses on financial risks such as market risk, credit risk, and operational risk.
FBD focuses on identifying potential failures in a product or process and their effects on safety, quality, and reliability.
Both techniques involve identifying potential risks and taking steps to mitigate or eliminate them.

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