Risk management in product development: risk identification, assessment, and mitigation – a literature review

Josef Oehmen; A. Guenther; J. W. Herrmann; J. Schulte; Pelle Lundquist Willumsen

doi:10.1017/dsd.2020.27

Risk management in product development: risk identification, assessment, and mitigation – a literature review

Josef Oehmen, A. Guenther, J. W. Herrmann , J. Schulte^*, Pelle Lundquist Willumsen

^*Corresponding author for this work

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

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Abstract

This paper reviews the literature on risk management practices and methods in product design and development. Based on an expert workshop by the Risk Management Processes and Methods in Design Special Interest Group within the Design Society and literature review, three key areas are discussed: risk identification, assessment, and mitigation. In each area, researchers have described practices that are used in product development organizations, proposed new methods to support risk management processes and decision-making, and generated evidence to evaluate the effectiveness of these activities.

Original language	English
Title of host publication	Proceedings of the Design Society: DESIGN Conference
Publication date	2020
Pages	657-666
DOIs	https://doi.org/10.1017/dsd.2020.27
Publication status	Published - 2020
Event	Design 2020 - Cavtat, Croatia Duration: 26 Oct 2020 → 29 Oct 2020

Conference

Conference	Design 2020
Country	Croatia
City	Cavtat
Period	26/10/2020 → 29/10/2020

Access to Document

10.1017/dsd.2020.27

FulltextFinal published version, 481 KB

Cite this

Oehmen, J., Guenther, A., Herrmann , J. W., Schulte, J., & Willumsen, P. L. (2020). Risk management in product development: risk identification, assessment, and mitigation – a literature review. In Proceedings of the Design Society: DESIGN Conference (pp. 657-666) https://doi.org/10.1017/dsd.2020.27

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Risk management in product development: risk identification, assessment, and mitigation – a literature review. / Oehmen, Josef; Guenther, A.; Herrmann , J. W.; Schulte, J.; Willumsen, Pelle Lundquist.

Proceedings of the Design Society: DESIGN Conference. 2020. p. 657-666.

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

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