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 proceedingArticle in proceedingsResearchpeer-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 languageEnglish
Title of host publicationProceedings of the Design Society: DESIGN Conference
Publication date2020
Pages657-666
DOIs
Publication statusPublished - 2020
EventDesign 2020 - Cavtat, Croatia
Duration: 26 Oct 202029 Oct 2020

Conference

ConferenceDesign 2020
CountryCroatia
CityCavtat
Period26/10/202029/10/2020

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