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 language | English |
|---|---|
| Title of host publication | Proceedings of the 18th International Conference on Engineering Design (ICED 11) |
| Volume | 3 |
| Publisher | Design Society |
| Publication date | 2011 |
| Pages | 306-316 |
| ISBN (Print) | 9781904670230 |
| Publication status | Published - 2011 |
| Externally published | Yes |
| Event | 18th International Conference on Engineering Design : Impacting Society Through Engineering Design - Copenhagen, Denmark Duration: 15 Aug 2011 → 18 Aug 2011 Conference number: 18 http://www.iced11.org/ |
Conference
| Conference | 18th International Conference on Engineering Design : Impacting Society Through Engineering Design |
|---|---|
| Number | 18 |
| Country/Territory | Denmark |
| City | Copenhagen |
| Period | 15/08/2011 → 18/08/2011 |
| Internet address |
Keywords
- Data visualization
- Design
- Risk management
- Product development