TAILORING RISK MANAGEMENT APPROACH FOR THE PRODUCT DEVELOPMENT ENVIRONMENT
The paper presents overview of the risk management practices and bridges different approaches for coping with risk issues within the product development (PD) environment. Existing risk management maturity (RMM) model is used to evaluate and monitor as-is RM situation in organizations, but also to set required objectives in terms of future RM practice. In order to expand a model and allow its usage for prescriptive purposes, the paper describes recommendations for tailoring RM process within the PD context. Proposed approach is preliminarly tested and validated through a case study.