RECOMMENDATIONS FOR RISK IDENTIFICATION METHOD SELECTION ACCORDING TO PRODUCT DESIGN AND PROJECT MANAGEMENT MATURITY, PRODUCT INNOVATION DEGREE AND PROJECT TEAM
DS 68-3: Proceedings of the 18th International Conference on Engineering Design (ICED 11), Impacting Society through Engineering Design, Vol. 3: Design Organisation and Management, Lyngby/Copenhagen, Denmark, 15.-19.08.2011
Editor: Culley, S.J.; Hicks, B.J.; McAloone, T.C.; Howard, T.J. & Cantemessa, M.
Author: Grubisic, Viviane & Vasconcellos Ferreira; Ogliari, André; Gidel, Thierry
Section: Design Organisation and Management
No other type of project is in greater need of risk management than new product development projects. This is due, largely, to the innovative profile of such projects and, consequently, of the risks involved. In this context, the importance of risk management has been increasing considerably. Risk management methods rely on risk identification. Several methods for risk identification are available in the literature and each one has its own characteristics in terms of complexity, application time, and requirements for specialist and information. Therefore, it is difficult to know how to choose a risk identification method, and which criteria to employ in making the choice. Thus, in this paper, a model for the selection of a risk identification approach, considering the product design process and project management maturity, product innovation and project team, is proposed. To conclude, a discussion on what this study means to practitioners and academicians is presented.