ASSESSING AND MITIGATING RISKS OF ENGINEERING PROGRAMS WITH LEAN MANAGEMENT TECHNIQUES
DS 77: Proceedings of the DESIGN 2014 13th International Design Conference
Year: 2014
Editor: Marjanovic Dorian, Storga Mario, Pavkovic Neven, Bojcetic Nenad
Author: Fritz, A.; Oehmen, J.; Rebentisch ,E.
Series: DESIGN
Section: DESIGN ORGANISATION AND MANAGEMENT
Page(s): 1531-1540
Abstract
Large-scale engineering programs can suffer from a variety of serious risks, which can lead to delays or even complete failure. To address these risks the "Lean Enablers for Managing Engineering Programs" were developed. The method presented in this paper tailores these Lean practices to a specific program via a cost-utility analysis, where the benefits are found in risk mitigation by implementing Lean Enablers, with the costs of change as a side effect. Necessary data is obtained through a survey. A pilot test in two companies found the approach and the results to be useful and applicable.
Keywords: lean, program, risk, management, product development