Characteristics of successful risk management in product design

Alison Louise Olechowski; Josef Oehmen; Warren Seering; Mohamed Ben-Daya

Characteristics of successful risk management in product design

Alison Louise Olechowski
, Josef Oehmen
, Warren Seering
, Mohamed Ben-Daya

Massachusetts Institute of Technology

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

Abstract

The paper reports results of one of the largest empirical studies to-date on the impact of design risk management practices on product design success. Through a survey of 224 practices, 38 (in 7 categories) where found to be statistically significant for at least 3 out of 4 performance metrics. The categories are: 1. Organizational Design Experience; 2. Risk Management Personnel and Resources; 3. Tailoring and Integration of Risk Management Process; 4. Risk-Based Decision Making; 5. Specific Mitigation Actions; 6. Monitoring and Review; and 7. Other ISO Risk Management Principles.

Original language	English
Title of host publication	Design 2012 - International Design Conference
Publisher	Design Society
Publication date	2012
Pages	269-278
Publication status	Published - 2012
Externally published	Yes
Event	12th International design conference - Hotel Croatia, Dubrovnik, Croatia Duration: 21 May 2012 → 24 May 2012 Conference number: 12 http://www.designconference.org/

Conference

Conference	12th International design conference
Number	12
Location	Hotel Croatia
Country/Territory	Croatia
City	Dubrovnik
Period	21/05/2012 → 24/05/2012
Internet address	http://www.designconference.org/

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http://hdl.handle.net/1721.1/78918

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title = "Characteristics of successful risk management in product design",

abstract = "The paper reports results of one of the largest empirical studies to-date on the impact of design risk management practices on product design success. Through a survey of 224 practices, 38 (in 7 categories) where found to be statistically significant for at least 3 out of 4 performance metrics. The categories are: 1. Organizational Design Experience; 2. Risk Management Personnel and Resources; 3. Tailoring and Integration of Risk Management Process; 4. Risk-Based Decision Making; 5. Specific Mitigation Actions; 6. Monitoring and Review; and 7. Other ISO Risk Management Principles.",

author = "Olechowski, \{Alison Louise\} and Josef Oehmen and Warren Seering and Mohamed Ben-Daya",

year = "2012",

language = "English",

pages = "269--278",

booktitle = "Design 2012 - International Design Conference",

publisher = "Design Society",

note = "12th International design conference ; Conference date: 21-05-2012 Through 24-05-2012",

url = "http://www.designconference.org/",

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TY - GEN

T1 - Characteristics of successful risk management in product design

AU - Olechowski, Alison Louise

AU - Oehmen, Josef

AU - Seering, Warren

AU - Ben-Daya, Mohamed

N1 - Conference code: 12

PY - 2012

Y1 - 2012

N2 - The paper reports results of one of the largest empirical studies to-date on the impact of design risk management practices on product design success. Through a survey of 224 practices, 38 (in 7 categories) where found to be statistically significant for at least 3 out of 4 performance metrics. The categories are: 1. Organizational Design Experience; 2. Risk Management Personnel and Resources; 3. Tailoring and Integration of Risk Management Process; 4. Risk-Based Decision Making; 5. Specific Mitigation Actions; 6. Monitoring and Review; and 7. Other ISO Risk Management Principles.

AB - The paper reports results of one of the largest empirical studies to-date on the impact of design risk management practices on product design success. Through a survey of 224 practices, 38 (in 7 categories) where found to be statistically significant for at least 3 out of 4 performance metrics. The categories are: 1. Organizational Design Experience; 2. Risk Management Personnel and Resources; 3. Tailoring and Integration of Risk Management Process; 4. Risk-Based Decision Making; 5. Specific Mitigation Actions; 6. Monitoring and Review; and 7. Other ISO Risk Management Principles.

M3 - Article in proceedings

SP - 269

EP - 278

BT - Design 2012 - International Design Conference

PB - Design Society

T2 - 12th International design conference

Y2 - 21 May 2012 through 24 May 2012

ER -

Characteristics of successful risk management in product design

Abstract

Conference

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