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Recognizing the importance of risk assessment and the large-scale industrial spread of network research, we developed a new approach to risk assessment. • The risk assessment takes into account the chains of impact between each level and the frequency of effects and their causes. • In contrast to the traditional FMEA methodology, we evaluate the frequency of occurrence and detectability not only at the level of causes but also at the level of effects. • All this is complemented by a toolkit of network research methodology. The new methodology is validated through a real industry example, which is a risk assessment of a screwdriver station.