In many projects, it is rarely possible to foresee action that will be needed in the
future (POLLACK, 2007). Given these circumstances, we have to manage events that
might exacerbate any harmful effects. It is necessary, therefore, to establish mechanisms
for risk management. In this paper, we have presented a simple model that can be
adopted by project managers. By combining the well-known concepts of FMEA with
the requisites of PMBOK, the proposed tool analyzed here may be helpful in reducing
risks in a project. Using the same reasoning as Bertolini et al. (2006), the approach of
the model proposed here allows the user to analyze a generic process of a company in a
straightforward but detailed and structured way. The model’s simplicity not only
facilitates its use and dissemination, but it can also help companies to save both
financial and human resources. In other words, simple ideas can be used to solve
complex problems