Technical risk 

Risk management in the product development process means identifying potential future events or outcomes that could have a negative impact on the success of the project. Through a phased approach and a stringent development methodology, risks are identified and anticipated as early as possible. Nevertheless, the factor of unexpected results and findings is inherent in development projects, varying depending on the maturity of the technologies applied and the height of development jump to be performed.

Consideration of technical risks must already be made in the design of the project. The ongoing assessment of risks, not just those of a technical nature, is a key element during project implementation. We regularly assess identified risks in terms of probability of occurrence, costs in the event of occurrence, and mitigation measures.

Our development projects are designed in such a way that major uncertainties (risks) are addressed as early as possible, ideally in a preliminary project before the product development as such begins.

Core services

Identification of technical 

The identification of technical risks takes place for the first time during definition of the product to be developed.

The fundamental questions are:

  • How novel is the product in the context of the client's existing product portfolio and Helbling's competencies?
  • How challenging and well defined are the desired product characteristics?
  • How advanced are the technologies envisaged to fulfil individual functions?

Identified risks are continuously assessed during the development process.

Risk-based product 

Both technical and other risks associated with product development are documented in a risk matrix, which describes the following aspects:

  • Identified risks
  • Measures to avoid and mitigate risks
  • Probability of occurrence and the potential consequences

Risk-based development means dealing with particular aspects of the overall development associated with major technical risks (probability x consequential costs) as early as possible. This is to prevent potential "showstoppers" only being recognized after a large part of the development investment has already been made.

Mitigation of technical risks

We address technical challenges that could have a major impact on the feasibility of the product, the development effort, or product costs in early project phases. Even more urgent, however, is the clarification of technical risks that could jeopardize the realization of a product as a whole. We address this by examining technical risks identified as critical within the framework of a preliminary project.

The method of choice here is to implement a technology demonstrator for a single, high-risk function of the product or a corresponding numerical simulation to the extent that sufficiently well validated methods are available.

Risk management 
accompanying development

Even when fundamental risks have been eliminated by demonstrating the feasibility of particularly demanding requirements, a risk-based approach is followed. Critical product features or functions are implemented in functional models during the concept phase of the project and tested in isolation, but always in the light of the overall product.

In the prototype phase, we test how these critical functionalities prove themselves when integrated in the overall product.

Reference projects

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