A comparison of the integration of risk management principles in product development approaches

Denis Bassler, Josef Oehmen, Warren Seering, Mohamed Ben-Daya

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

The management and reduction of risk is a central part of product development processes. This paper analyses the extent to which four common product development approaches address risks (waterfall model, spiral development, design for six sigma, and lean product development). They are analyzed along the four principles of risk-driven design: 1. Identifying and quantifying risks; 2. Making riskbased decisions; 3. Reducing risks; and 4. Creating resilient PD systems. The analysis shows that the existing PD processes only partially address the four principles of risk-driven design and that they have their specific strengths and weaknesses. The paper concludes with a discussion of preliminary empirical findings through interviews and case studies on how to better integrate risk management principles into product development. Copyright © 2002-2012 The Design Society. All rights reserved.
Original languageEnglish
Title of host publicationProceedings of the 18th International Conference on Engineering Design (ICED 11)
Volume3
PublisherDesign Society
Publication date2011
Pages306-316
ISBN (Print)9781904670230
Publication statusPublished - 2011
Externally publishedYes
Event18th International Conference on Engineering Design : Impacting Society Through Engineering Design - Copenhagen, Denmark
Duration: 15 Aug 201118 Aug 2011
Conference number: 18
http://www.iced11.org/

Conference

Conference18th International Conference on Engineering Design : Impacting Society Through Engineering Design
Number18
CountryDenmark
CityCopenhagen
Period15/08/201118/08/2011
Internet address

Keywords

  • Data visualization
  • Design
  • Risk management
  • Product development

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