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Characteristics of successful risk management in product design

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Author(s)
Olechowski, Alison Louise
•
Oehmen, Josef
•
Seering, Warren
•
Ben-Daya, Mohamed
Date Issued
May 2012
Journal
Proceedings of DESIGN 2012, the 12th International Design Conference, Dubrovnik, Croatia
Citation
Olechowski, A., J. Oehmen, W. Seering, and M. Ben-Daya. "Characteristics of successful risk management in product design." Proceedings of the 12th International Design Conference – DESIGN 2012, pp. 269-278, Dubrovnik, Croatia. May 2012.
Version
Author's final manuscript
Abstract
The paper reports results of one of the largest empirical studies to-date on the impact of design risk management practices on product design success. Through a survey of 224 practices, 38 (in 7 categories) where found to be statistically significant for at least 3 out of 4 performance metrics. The categories are: 1. Organizational Design Experience; 2. Risk Management Personnel and Resources; 3. Tailoring and Integration of Risk Management Process; 4. Risk-Based Decision Making; 5. Specific Mitigation Actions; 6. Monitoring and Review; and 7. Other ISO Risk Management Principles.
MIT Department
Massachusetts Institute of Technology. Department of Mechanical Engineering
MIT Sociotechnical Systems Research Center
Terms of Use
Creative Commons Attribution-Noncommercial-Share Alike 3.0
http://creativecommons.org/licenses/by-nc-sa/3.0/
Persistent DSpace Link
http://hdl.handle.net/1721.1/78918
DOI of Published Version
http://www.designsociety.org/publication/31994/characteristics_of_successful_risk_management_in_product_design
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