RISK MANAGEMENT IN PRODUCT DEVELOPMENT – CURRENT METHODS
The paper explores Risk Management in Product Development, with the main focus being the review and discussion of current methods. A literature review is combined with an industry field study. Risk Management is seen as one possible answer to addressing the challenge of increasingly complex products and processes, as well as to external regulations. A comprehensive process outline for Risk Management is briefly introduced. Selected methods for Risk Management are discussed and assessed along this process e.g. Identification by Failure Modes, Risk Matrix, Scenario-based Tracking. It is concluded that in order to develop a truly holistic Risk Management approach, more work needs to be invested into defining a general framework for discussion.