Question

Why is it important (in the context of systems engineering management) to become familiar

with analytical methods? Provides some specific examples.

Answer 1

Analytical methods are used for Risk management in the systems engineering department and it is hence important to become familiar with it. Many processes and practices such as identifying, measuring, managing risks in engineering systems are done using these analytica; methods. In all types of systems analytical methods such as analyzing and measuring are needed. It also helps in risk aversion and risk reduction by balancing risk. Also the decision making is bettered when these methods are employed. In advanced and traditional systems there is a need to manage risk and these methods are ways to do that.