I have decided to work on risk analysis for my MA thesis, but I am stuck with choosing the theoretical framework for that. I am not studying MBA or other Management fields, and that makes my job hard.
I have found that to date, there have been two major attempts for applying risk management techniques to my field of study, both of which developing a Risk Breakdown Structure (RBS) based on PMBOK. I wanted to move forward in this are, so I thought assessing risks and finding out how much each one of them could be influential in the companies could be good. The methodology is confusing me, however.
I guess FMEA, FTA, and FFTA are helpful for this purpose, but I do not know the reason behind these models.I am not much familiar with advanced mathematics because I major in humanities, but I believe I can handle it if it the calculations are at high school level for I have studied Mathematics at high school.