Risk Mangement in Product Development: Risk Identification, Assessment, and Mitigation - A Literature Review

Joseph  Oehmen; Agnes Günther; Jeffrey W. Hermann; Jesko  Schulte; Pelle Willumsen

doi:10.1017/dsd.2020.27

Risk Mangement in Product Development: Risk Identification, Assessment, and Mitigation - A Literature Review

Joseph Oehmen, Agnes Günther, Jeffrey W. Hermann, Jesko Schulte^*, Pelle Willumsen

^*Corresponding author for this work

Department of Strategy and Innovation

Research output: Chapter in Book/Report/Conference proceeding › Report chapter › Research › peer-review

Abstract

This paper reviews the literature on risk management practices and methods in product design and development. Based on an expert workshop by the Risk Management Processes and Methods in Design Special Interest Group within the Design Society and literature review, three key areas are discussed: risk identification, assessment, and mitigation. In each area, researchers have described practices that are used in product development organizations, proposed new methods to support risk management processes and decision-making, and generated evidence to evaluate the effectiveness of these activities.

Original language	English
Title of host publication	Proceedings of the Design Society : DESIGN Conference. Volume 1
Number of pages	9
Place of Publication	Cambridge
Publisher	Cambridge University Press
Publication date	2020
Pages	657-666
DOIs	https://doi.org/10.1017/dsd.2020.27
Publication status	Published - 2020
Event	Design Society: DESIGN Conference - Cavtat, Croatia Duration: 26 Oct 2020 → 29 Oct 2020 https://www.designconference.org/

Conference

Conference	Design Society: DESIGN Conference
Country/Territory	Croatia
City	Cavtat
Period	26/10/2020 → 29/10/2020
Internet address	https://www.designconference.org/

Series	Proceedings of the Design Society: Design Conference
ISSN	2633-7762

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Cite this

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title = "Risk Mangement in Product Development: Risk Identification, Assessment, and Mitigation - A Literature Review ",

abstract = "This paper reviews the literature on risk management practices and methods in product design and development. Based on an expert workshop by the Risk Management Processes and Methods in Design Special Interest Group within the Design Society and literature review, three key areas are discussed: risk identification, assessment, and mitigation. In each area, researchers have described practices that are used in product development organizations, proposed new methods to support risk management processes and decision-making, and generated evidence to evaluate the effectiveness of these activities.",

author = "Joseph Oehmen and Agnes G{\"u}nther and Hermann, {Jeffrey W.} and Jesko Schulte and Pelle Willumsen",

year = "2020",

doi = "10.1017/dsd.2020.27",

language = "English",

series = "Proceedings of the Design Society: Design Conference",

publisher = "Cambridge University Press",

pages = "657--666",

booktitle = "Proceedings of the Design Society",

address = "United Kingdom",

note = "Design Society: DESIGN Conference ; Conference date: 26-10-2020 Through 29-10-2020",

url = "https://www.designconference.org/",

}

Oehmen, J, Günther, A, Hermann, JW, Schulte, J & Willumsen, P 2020, Risk Mangement in Product Development: Risk Identification, Assessment, and Mitigation - A Literature Review . in Proceedings of the Design Society : DESIGN Conference. Volume 1. Cambridge University Press, Cambridge, Proceedings of the Design Society: Design Conference, pp. 657-666, Design Society: DESIGN Conference, Cavtat, Croatia, 26/10/2020. https://doi.org/10.1017/dsd.2020.27

Risk Mangement in Product Development: Risk Identification, Assessment, and Mitigation - A Literature Review . / Oehmen, Joseph ; Günther, Agnes; Hermann, Jeffrey W. et al.
Proceedings of the Design Society : DESIGN Conference. Volume 1. Cambridge: Cambridge University Press, 2020. p. 657-666 (Proceedings of the Design Society: Design Conference).

Research output: Chapter in Book/Report/Conference proceeding › Report chapter › Research › peer-review

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Oehmen J, Günther A, Hermann JW, Schulte J, Willumsen P. Risk Mangement in Product Development: Risk Identification, Assessment, and Mitigation - A Literature Review . In Proceedings of the Design Society : DESIGN Conference. Volume 1. Cambridge: Cambridge University Press. 2020. p. 657-666. (Proceedings of the Design Society: Design Conference). doi: 10.1017/dsd.2020.27