New Product Development: Design Risk Assessment

Chung Yeh, Wen-Chin Liu and Chih-Lieh Lee

Chapter 12 in Managing Technological Innovation:Tools and Methods, 2017, pp 311-336 from World Scientific Publishing Co. Pte. Ltd.

Abstract: To cope with uncertainty, risk management had been initiated at the beginning of the new product development (NPD) project. Risk management is the systematic process of identifying, analyzing, and responding to project risk. Failure Modes and Effects Analysis (FMEA) is widely spread and used to manage risks in diversity industrials. The benefit of FMEA concept and methods has a measurable way to prioritize and minimize risk. The chapter provides a similar method to emphasize to focus on the risk assessment and action selection from different aspects of NPD process.

Keywords: Technology Management; Innovation; R&D Management (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Date: 2017
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