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New Cost-Consequence FMEA Model for Information Risk Management of Safe And Secure SCADA Systems

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Software Engineering, Artificial Intelligence, Networking and Parallel/Distributed Computing (SNPD 2019)

Abstract

Risk Priority Number (RPN) based Failure Mode and Effects Analysis (FMEA) can be used as a structured method to prioritize all possible vulnerable areas (failure modes) for review of safety and security in a supervisory control and data acquisition (SCADA) system. However, traditional RPN based FMEA has some inherent problems for risk management of information system. Therefore, the main purpose of this study was to propose a new cost-consequence FMEA model. It not only can recover traditional RPN-based FMEA problems, but also can evaluate, prioritize and correct safety and security of a SCADA system’s failure modes. A numerical case study was conducted to demonstrate that the proposed cost-consequence FMEA model is not only capable of addressing FMEA’s inherent problems but also is best suited for balancing monetary cost and risk consequence of failure modes in a SCADA system. It also facilitates to make better use of resources in optimizing cost and consequence of failure modes.

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Lin, KS. (2020). New Cost-Consequence FMEA Model for Information Risk Management of Safe And Secure SCADA Systems. In: Lee, R. (eds) Software Engineering, Artificial Intelligence, Networking and Parallel/Distributed Computing. SNPD 2019. Studies in Computational Intelligence, vol 850. Springer, Cham. https://doi.org/10.1007/978-3-030-26428-4_3

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