Root Cause Analysis

From Open Risk Manual

Definition

Root Cause Analysis (RCA) in Risk Management is a Risk Analysis method used for identifying the underlying (root) causes of risk events. The methodology is used across many domains.

RCA Steps

  • Identify and describe negative outcomes
  • Establish a sequence leading from a prior state to the negative outcome
  • Distinguish between root causes and other causal factors
  • Establish a causal graph between the root cause and the problem

See Also