Methodology for the Technical and Managerial Risk Identification and Analysis in the Product Design Process

Abstract

Because of product design projects are unique, they are subject to risks that if not properly managed can compromise the business. Typical risks in product design are: poor problem definition, changes in consumer needs, lack of knowledge for the activity implementation, delays in deliveries. Risk management consists of a process of identification, analysis, treatment, monitoring and control of risks. In the literature it was found that there are certain gaps in relation to the risk analysis and treatment processes. The risk analysis researches found only analyze the risk probability and their impact, without making a more complete risk analysis. The risk treatment researches found only recommend general actions to treat the risks without considering the phases and product design activities and the effect of a risk treatment action for the treatment of other risks. In this sense, this paper aims to present a methodology for the analysis and treatment of technical and managerial risks in the product design. For this, it is first made a brief review of the product development process and risk management. Then, activities and tools for the analysis and treatment process of technical and managerial risks in product design are presented. Finally, there are the conclusions.

Assisting project risk management method selection

“…It is then possible to infer the probability of a potential consequence, a risk, knowing the conditional probabilities of the causes. A risk assessment can be done using Bayesian network (Fenton and Neil 2004;Neil et al 2005;Grubisic and Ogliari 2009), particularly in the project management field (Lee et al 2008;Fang and Yu 2004). As with every probabilistic assessment method, Bayesian networks are more efficient if previous experiences are available to give information about some data, whether it be about the nodes or about the edges.…”

A structured process to managing complex interactions between project risks

“…Ulrich and Eppinger(1995) point that projects are rarely executed as planned. This is partly due to the existence of uncertainty and risk, mainly in the initial phases of the project, which commonly involve vague, qualitative and insufficient information (Grubisic and Ogliari 2009). Project risk is defined as "an uncertain event or condition that, if it occurs, has a positive or negative effect on at least one of the project objectives" (PMI 2008).…”