Planning Design Iterations
Name
IMST016.pdf
Size
177.01 KB
Format
Adobe PDF
Checksum (MD5)
23dcbb822b3920038a10d01f92e1b00c
Author(s)
Unger, Darian W.
Eppinger, Steven D.
Date Issued
January 2002
Series/Report no.
Innovation in Manufacturing Systems and Technology (IMST);
Abstract
Companies developing new products have a wide variety of product development (PD) processes from which to choose. Each process offers a different method of iteration to manage risk. Companies must therefore consider the nature and level of risks they face in order to determine the most appropriate iteration and PD process. This paper identifies principles of risk and iteration inherent in product development and then explains how several different PD processes manage risk through iteration. It explains current research on PD decision criteria and concludes by proposing a framework to help companies better select PD processes.
Subjects
product development
iteration
risk reduction
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