Best Practice Principles for the Prevention of Crisis in Product Development

In order to prevent crises, companies establish risk management systems. Risk management processes exist already in specific branches, but are often not applicable to product development. The focus of this study was to analyse risk management processes in various branches, including engineering as well as non-engineering, and finding typical process components and methods. As a result, a general risk management process structure suitable for product development and its process steps can be described. The verification of this process led to a number of best practice principles concerning the performance of risk management systems. The presented process structure serves as a flexible basis for the prevention of crises in general, while adoption is still needed due to a user’s specific boundary conditions.     «

In order to prevent crises, companies establish risk management systems. Risk management processes exist already in specific branches, but are often not applicable to product development. The focus of this study was to analyse risk management processes in various branches, including engineering as well as non-engineering, and finding typical process components and methods. As a result, a general risk management process structure suitable for product development and its process steps can be descr...     »