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risk management

12.29.22 Engineering Management, Innovation, New Product Development

Four Project Risk Factors During a Recession:  Part 4

While the declaration of a recession is dependent on an obscure department of the federal government, most people recognize the signs of an economic downturn.  Dictionary.com defines an economic recession… Read More

06.25.16 Engineering Management, New Product Development

Understanding Project Risk

New product development (NPD) projects are built with inherent risk.  We don’t know if the markets will support the idea once it is commercialized.  We don’t know if we can… Read More

06.18.15 Innovation

Managing Project Risk

What is project risk? Is it the same as a gamble? Are we simply at the mercy of good luck to prevent project risks? Or can we manage risk in… Read More

02.12.15 Innovation

Risk in Innovation (Part 2 of 2)

Listen to the podcast (about 5 minutes). Innovation involves risk due to uncertainties in markets, technologies, and product categories.  Customer needs change over time and industries migrate.  Risk in innovation… Read More

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