A review on risk management of wave energy converter by using method of risk identification of the project life cycle and method of failure modes and effects analysis

M. A. Abdullah, . and V. Munikanan, . and A .F. Abd Latif, . and M. A.Yahya, . and M. A.Yusof, . and M. R. Saad, . and M. N. Razali, . (2020) A review on risk management of wave energy converter by using method of risk identification of the project life cycle and method of failure modes and effects analysis. Journal of Energy and Environment (Malaysia), 12 (2). pp. 1-6. ISSN 1985-7462

The utilization of wave energy is considered a new renewable energy technology in Malaysia and is exposed to a lot of risks. This study emphasis on a Wave Energy Converter (WEC) that harvest energy from waves and convert it into electricity. The objectives of this research are to study the method of risk identification on WECby using two different approaches and identify whether the method is suitable to be used. The first method is risk identification on WEC’s Project Life Cycle (PLC). It focused on the identification of risks, separates them by every stage of the PLC, and determines the origin, impact and risk level. The second method is Failure Modes and Effects Analysis (FMEA). It concentrates on diagnosing crucial failure modes of WEC and the priorities of risks are determined through Risk Priority Number (RPN)and provide recommended solutions via discussions. It has been recognized that both of these methods are deemed suitable to be implemented on this WEC project because they comprise all aspects of the project’s risks as a whole and as an individual component

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Abstract

The utilization of wave energy is considered a new renewable energy technology in Malaysia and is exposed to a lot of risks. This study emphasis on a Wave Energy Converter (WEC) that harvest energy from waves and convert it into electricity. The objectives of this research are to study the method of risk identification on WECby using two different approaches and identify whether the method is suitable to be used. The first method is risk identification on WEC’s Project Life Cycle (PLC). It focused on the identification of risks, separates them by every stage of the PLC, and determines the origin, impact and risk level. The second method is Failure Modes and Effects Analysis (FMEA). It concentrates on diagnosing crucial failure modes of WEC and the priorities of risks are determined through Risk Priority Number (RPN)and provide recommended solutions via discussions. It has been recognized that both of these methods are deemed suitable to be implemented on this WEC project because they comprise all aspects of the project’s risks as a whole and as an individual component

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Item Type:	Article
AGROVOC Term:	wave energy
AGROVOC Term:	renewable energy
AGROVOC Term:	risk management
AGROVOC Term:	marine technology
AGROVOC Term:	risk analysis
AGROVOC Term:	technology assessment
AGROVOC Term:	expert systems
AGROVOC Term:	project management
AGROVOC Term:	risk reduction
Geographical Term:	Malaysia
Depositing User:	Nor Hasnita Abdul Samat
Date Deposited:	21 Nov 2025 09:32
Last Modified:	21 Nov 2025 09:32
URI:	http://webagris.upm.edu.my/id/eprint/1555

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